Titan Machinery (NASDAQ:TITN) Share Price Breaks 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 Tuesday. The stock has a 200-day moving average of $19.96 and traded as high as $24.49. Titan Machinery shares last traded at $23.48, with a volume of 169,411 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on TITN. Weiss Ratings reissued a “sell (d-)” rating on shares of Titan Machinery in a research report on Friday, September 25th. Wall Street Zen downgraded Titan Machinery from a “hold” rating to a “sell” rating in a research report on Sunday, September 6th. Finally, Robert W. Baird set a $29.00 price objective on Titan Machinery and gave the company an “outperform” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $29.00.

Titan Machinery Trading Up 1.3%

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.35 and a quick ratio of 0.21. The firm has a market cap of $550.13 million, a price-to-earnings ratio of -9.39 and a beta of 1.43. The business’s 50-day moving average price is $20.98 and its two-hundred day moving average price is $20.00.

Titan Machinery (NASDAQ:TITN) last announced its earnings results on Thursday, August 27th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.04). The firm had revenue of $496.38 million for the quarter, compared to analyst estimates of $483.78 million. Titan Machinery had a negative return on equity of 9.17% and a negative net margin of 2.46%.Titan Machinery has set its FY 2027 guidance at -1.750–1.250 EPS. Equities analysts expect that Titan Machinery Inc. will post -1.67 earnings per share for the current year.

Institutional Investors Weigh In On Titan Machinery

Several hedge funds have recently made changes to their positions in the business. State of Wyoming raised its position in Titan Machinery by 3.0% in the first quarter. State of Wyoming now owns 24,568 shares of the company’s stock valued at $411,000 after purchasing an additional 715 shares during the period. Legal & General Group Plc acquired a new position in shares of Titan Machinery during the second quarter worth about $45,000. Engineers Gate Manager LP boosted its position in shares of Titan Machinery by 17.7% in the second quarter. Engineers Gate Manager LP now owns 17,960 shares of the company’s stock worth $379,000 after buying an additional 2,700 shares during the period. Pullen Investment Management LLC boosted its position in shares of Titan Machinery by 7.3% in the first quarter. Pullen Investment Management LLC now owns 70,244 shares of the company’s stock worth $1,174,000 after buying an additional 4,792 shares during the period. Finally, Quantinno Capital Management LP grew its stake in shares of Titan Machinery by 13.5% in the first quarter. Quantinno Capital Management LP now owns 43,061 shares of the company’s stock valued at $720,000 after buying an additional 5,130 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Titan Machinery Company Profile

Titan Machinery Inc is an agricultural and construction equipment dealer headquartered in West Fargo, North Dakota. The company operates a network of dealerships that sells new and used equipment, replacement parts, and related products to farmers, construction contractors, and other commercial customers.

Its agricultural offerings include tractors, combines, planting and seeding equipment, sprayers, hay and forage machinery, and other farm equipment. Its construction business provides equipment such as excavators, wheel loaders, skid steers, dozers, and other machinery used in construction and infrastructure projects.