Titan International (NYSE:TWI) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Titan International (NYSE:TWI) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.

Titan International Stock Up 0.6 %

NYSE TWI opened at $6.95 on Wednesday. The company has a fifty day moving average of $7.45 and a two-hundred day moving average of $7.84. The firm has a market capitalization of $438.82 million, a price-to-earnings ratio of -58.00 and a beta of 1.82. The company has a quick ratio of 1.33, a current ratio of 2.38 and a debt-to-equity ratio of 0.84. Titan International has a 52 week low of $6.34 and a 52 week high of $15.33.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets boosted its holdings in shares of Titan International by 51.0% in the first quarter. BNP Paribas Financial Markets now owns 40,001 shares of the industrial products company’s stock valued at $498,000 after purchasing an additional 13,507 shares during the period. ProShare Advisors LLC purchased a new position in shares of Titan International in the first quarter worth about $129,000. Vanguard Group Inc. raised its holdings in shares of Titan International by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,878,594 shares of the industrial products company’s stock worth $48,327,000 after purchasing an additional 10,537 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Titan International in the first quarter worth about $289,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Titan International by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,505 shares of the industrial products company’s stock worth $555,000 after purchasing an additional 2,171 shares during the period. Institutional investors own 80.39% of the company’s stock.

About Titan International

Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.