Titan International (NYSE:TWI) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Titan International, Inc. (NYSE:TWI)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.37 and traded as high as $9.38. Titan International shares last traded at $9.30, with a volume of 569,298 shares.

Analyst Upgrades and Downgrades

TWI has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Titan International from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings restated a “sell (e+)” rating on shares of Titan International in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.33.

Titan International Price Performance

The stock has a fifty day moving average of $8.13 and a 200-day moving average of $8.37. The company has a quick ratio of 1.25, a current ratio of 2.28 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $594.74 million, a P/E ratio of -93.00 and a beta of 1.41.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The firm had revenue of $466.47 million for the quarter, compared to analysts’ expectations of $458.74 million. Titan International had a negative net margin of 0.34% and a positive return on equity of 1.38%. Equities analysts predict that Titan International, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Titan International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brandywine Global Investment Management LLC raised its holdings in shares of Titan International by 20.0% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 276,110 shares of the industrial products company’s stock worth $2,836,000 after purchasing an additional 46,110 shares during the period. EVR Research LP lifted its holdings in Titan International by 27.3% during the 2nd quarter. EVR Research LP now owns 1,400,000 shares of the industrial products company’s stock worth $14,378,000 after purchasing an additional 300,000 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Titan International by 13.2% in the second quarter. American Century Companies Inc. now owns 1,212,683 shares of the industrial products company’s stock valued at $12,454,000 after acquiring an additional 141,256 shares during the period. Bailard Inc. boosted its holdings in Titan International by 33.1% in the 2nd quarter. Bailard Inc. now owns 55,200 shares of the industrial products company’s stock valued at $567,000 after purchasing an additional 13,731 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in Titan International by 22.8% during the second quarter. First Eagle Investment Management LLC now owns 620,251 shares of the industrial products company’s stock valued at $6,370,000 after buying an additional 115,087 shares during the period. 80.39% of the stock is owned by institutional investors.

About Titan International

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.