Titan Machinery (NASDAQ:TITN) Stock Passes Above 200-Day Moving Average – Time to Sell?

Titan Machinery Inc. (NASDAQ:TITN)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.99 and traded as high as $19.43. Titan Machinery shares last traded at $18.02, with a volume of 289,048 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TITN shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Titan Machinery in a research report on Monday, June 29th. Wall Street Zen raised Titan Machinery from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $17.00.

Titan Machinery Stock Down 4.2%

The company has a quick ratio of 0.22, a current ratio of 1.38 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average is $20.06 and its 200-day moving average is $19.00. The company has a market cap of $395.87 million, a PE ratio of -7.23 and a beta of 1.38.

Titan Machinery (NASDAQ:TITN) last posted its earnings results on Tuesday, June 9th. The company reported ($0.55) EPS for the quarter, topping analysts’ consensus estimates of ($0.60) by $0.05. The business had revenue of $522.38 million during the quarter, compared to the consensus estimate of $485.61 million. Titan Machinery had a negative net margin of 2.28% and a negative return on equity of 8.44%. During the same quarter in the previous year, the firm posted ($0.58) EPS. Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. On average, analysts predict that Titan Machinery Inc. will post -1.5 EPS for the current year.

Institutional Trading of Titan Machinery

A number of hedge funds have recently bought and sold shares of the company. Quarry LP lifted its holdings in Titan Machinery by 189.8% in the third quarter. Quarry LP now owns 1,536 shares of the company’s stock valued at $26,000 after acquiring an additional 1,006 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Titan Machinery by 352.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company’s stock valued at $52,000 after purchasing an additional 2,043 shares during the period. BNP Paribas Financial Markets increased its position in shares of Titan Machinery by 94.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,032 shares of the company’s stock valued at $67,000 after purchasing an additional 1,957 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Titan Machinery during the 4th quarter valued at about $101,000. Finally, State of Wyoming increased its position in shares of Titan Machinery by 48.2% during the 2nd quarter. State of Wyoming now owns 9,442 shares of the company’s stock valued at $187,000 after purchasing an additional 3,070 shares during the last quarter. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Titan Machinery Company Profile

Titan Machinery, Inc is a leading full-service dealer specializing in the sale, rental, and servicing of agricultural and construction equipment. The company represents major brands such as Caterpillar, Case IH and New Holland, offering new and pre-owned tractors, combines, excavators, loaders and other heavy machinery. In addition to equipment sales, Titan provides parts distribution, preventative maintenance and field service support to help customers maximize uptime and productivity.

Beyond equipment transactions, Titan Machinery offers a comprehensive suite of support services.