Titan International (NYSE:TWI) Sees Strong Trading Volume

Titan International, Inc. (NYSE:TWI) shares saw an uptick in trading volume on Monday . 200,566 shares were traded during trading, a decline of 34% from the previous session’s volume of 303,513 shares.The stock last traded at $9.89 and had previously closed at $10.02.

Analysts Set New Price Targets

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

Titan International Trading Down 3.3 %

The business’s 50-day simple moving average is $11.89 and its two-hundred day simple moving average is $13.14. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.33 and a quick ratio of 1.31. The stock has a market capitalization of $624.13 million, a price-to-earnings ratio of 9.62 and a beta of 2.09.

Titan International (NYSE:TWI) last announced its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.15). The company had revenue of $482.21 million during the quarter, compared to analyst estimates of $537.32 million. Titan International had a net margin of 3.20% and a return on equity of 17.27%. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, research analysts anticipate that Titan International, Inc. will post 1.46 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Anthony Eheli sold 2,500 shares of Titan International stock in a transaction on Monday, March 25th. The shares were sold at an average price of $12.42, for a total transaction of $31,050.00. Following the sale, the chief accounting officer now owns 52,918 shares of the company’s stock, valued at approximately $657,241.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 32.50% of the company’s stock.

Institutional Investors Weigh In On Titan International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new stake in shares of Titan International in the 1st quarter worth about $25,000. Tradewinds Capital Management LLC bought a new stake in shares of Titan International during the 1st quarter valued at about $100,000. ProShare Advisors LLC bought a new stake in shares of Titan International during the 1st quarter valued at about $129,000. SG Americas Securities LLC bought a new stake in shares of Titan International during the 3rd quarter valued at about $139,000. Finally, Quantbot Technologies LP grew its position in shares of Titan International by 20.1% during the 3rd quarter. Quantbot Technologies LP now owns 11,564 shares of the industrial products company’s stock valued at $155,000 after buying an additional 1,935 shares during the last quarter. Hedge funds and other 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.