Titan International (NYSE:TWI) Downgraded to “Sell” Rating by StockNews.com

Titan International (NYSE:TWI) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Titan International Stock Performance

TWI traded up $0.08 on Tuesday, hitting $6.53. The company’s stock had a trading volume of 593,881 shares, compared to its average volume of 512,623. The company’s 50 day simple moving average is $7.59 and its 200-day simple moving average is $8.04. The firm has a market cap of $412.30 million, a P/E ratio of -54.42 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 12 month low of $6.34 and a 12 month high of $15.33.

Hedge Funds Weigh In On Titan International

A number of hedge funds and other institutional investors have recently modified their holdings of TWI. Innealta Capital LLC purchased a new position in Titan International in the 2nd quarter worth about $27,000. Gladius Capital Management LP acquired a new stake in Titan International during the 2nd quarter worth $30,000. nVerses Capital LLC boosted its position in shares of Titan International by 344.4% during the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 3,100 shares during the last quarter. CWM LLC increased its stake in Titan International by 46.8% during the second quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 2,819 shares during the period. Finally, ProShare Advisors LLC purchased a new stake in shares of Titan International during the first quarter worth approximately $129,000. Institutional investors own 80.39% of the company’s stock.

Titan International Company Profile

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.