Titan International (NYSE:TWI) Reaches New 52-Week Low at $8.45

Titan International, Inc. (NYSE:TWIGet Free Report)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $8.45 and last traded at $8.47, with a volume of 31700 shares traded. The stock had previously closed at $8.65.

Analysts Set New Price Targets

Separately, TheStreet downgraded shares of Titan International from a “b-” rating to a “c” rating in a research report on Thursday, February 29th.

View Our Latest Stock Report on Titan International

Titan International Stock Up 0.3 %

The company has a current ratio of 2.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.88. The stock’s 50-day simple moving average is $11.14 and its 200-day simple moving average is $12.94. The firm has a market capitalization of $612.47 million, a P/E ratio of 9.44 and a beta of 2.09.

Titan International (NYSE:TWIGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). Titan International had a return on equity of 17.27% and a net margin of 3.20%. The firm had revenue of $482.21 million during the quarter, compared to the consensus estimate of $537.32 million. During the same period in the previous year, the company posted $0.53 earnings per share. As a group, research analysts predict that Titan International, Inc. will post 0.91 earnings per share for the current fiscal year.

Insider Buying and Selling at Titan International

In other Titan International news, CAO Anthony Eheli sold 2,500 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $12.42, for a total value of $31,050.00. Following the transaction, the chief accounting officer now directly owns 52,918 shares in the company, valued at $657,241.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 32.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Byrne Asset Management LLC bought a new stake in Titan International during the 1st quarter worth approximately $25,000. Tradewinds Capital Management LLC bought a new position in shares of Titan International in the 1st quarter worth $100,000. ProShare Advisors LLC bought a new position in shares of Titan International in the 1st quarter worth $129,000. Quantbot Technologies LP increased its holdings in shares of Titan International by 20.1% in the 3rd quarter. Quantbot Technologies LP now owns 11,564 shares of the industrial products company’s stock worth $155,000 after buying an additional 1,935 shares during the last quarter. Finally, Boulder Hill Capital Management LP bought a new position in shares of Titan International in the 4th quarter worth $161,000. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

About Titan International

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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.

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