Titan International (NYSE:TWI) Sets New 52-Week Low at $8.91

Titan International, Inc. (NYSE:TWI) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $8.91 and last traded at $8.97, with a volume of 56685 shares traded. The stock had previously closed at $9.08.

Wall Street Analyst Weigh In

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 Up 5.7 %

The firm’s fifty day simple moving average is $11.82 and its 200 day simple moving average is $13.11. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.31 and a current ratio of 2.33. The stock has a market capitalization of $659.11 million, a P/E ratio of 10.16 and a beta of 2.09.

Titan International (NYSE:TWI) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). The business had revenue of $482.21 million for the quarter, compared to analyst estimates of $537.32 million. Titan International had a return on equity of 17.27% and a net margin of 3.20%. During the same period last year, the firm posted $0.53 EPS. As a group, equities research analysts forecast that Titan International, Inc. will post 1.46 EPS for the current fiscal year.

Insider Activity at Titan International

In other news, CAO Anthony Eheli sold 2,500 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $12.42, for a total transaction of $31,050.00. Following the sale, the chief accounting officer now directly owns 52,918 shares in the company, valued at $657,241.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 32.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Titan International

A number of hedge funds and other institutional investors have recently made changes to their positions in TWI. Byrne Asset Management LLC acquired a new position in shares of Titan International in the 1st quarter valued at about $25,000. Tradewinds Capital Management LLC acquired a new position in Titan International in the first quarter valued at approximately $100,000. SG Americas Securities LLC bought a new position in shares of Titan International during the 3rd quarter worth approximately $139,000. ProShare Advisors LLC acquired a new stake in shares of Titan International during the 1st quarter worth approximately $129,000. Finally, Boulder Hill Capital Management LP bought a new stake in shares of Titan International in the 4th quarter valued at $161,000. 80.39% of the stock is owned by institutional investors and hedge funds.

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.