Titan International (NYSE:TWI) Trading Down 8.2% – Should You Sell?

Titan International, Inc. (NYSE:TWI) shares fell 8.2% on Tuesday . The stock traded as low as $8.00 and last traded at $8.16. 254,795 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 536,200 shares. The stock had previously closed at $8.89.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Titan International from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th.

Titan International Trading Down 10.9 %

The stock has a market cap of $500.06 million, a price-to-earnings ratio of -67.83 and a beta of 1.83. The business’s fifty day simple moving average is $7.18 and its 200 day simple moving average is $7.61. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.38 and a quick ratio of 1.33.

Hedge Funds Weigh In On Titan International

Institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its stake in shares of Titan International by 2,689.3% in the second quarter. Victory Capital Management Inc. now owns 1,220,344 shares of the industrial products company’s stock valued at $9,043,000 after purchasing an additional 1,176,593 shares during the period. Pacer Advisors Inc. raised its holdings in Titan International by 35.6% during the second quarter. Pacer Advisors Inc. now owns 4,479,660 shares of the industrial products company’s stock worth $33,194,000 after purchasing an additional 1,175,857 shares in the last quarter. Donald Smith & CO. Inc. bought a new position in Titan International during the 3rd quarter valued at $3,234,000. Denali Advisors LLC raised its stake in shares of Titan International by 582.0% in the 2nd quarter. Denali Advisors LLC now owns 276,887 shares of the industrial products company’s stock worth $2,052,000 after buying an additional 236,287 shares in the last quarter. Finally, Grace & White Inc. NY boosted its stake in Titan International by 68.7% during the second quarter. Grace & White Inc. NY now owns 403,828 shares of the industrial products company’s stock valued at $2,992,000 after buying an additional 164,500 shares in the last quarter. 80.39% of the stock is owned by institutional investors.

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.