Titan International (NYSE:TWI) Hits New 1-Year Low at $8.91

Titan International, Inc. (NYSE:TWI - Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as $8.91 and last traded at $8.97, with a volume of 56685 shares. 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 note on Thursday, February 29th.

Titan International Price Performance

The company has a market capitalization of $645.99 million, a price-to-earnings ratio of 10.20 and a beta of 2.09. The company has a 50-day moving average price of $12.11 and a 200-day moving average price of $13.19. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.31 and a current ratio of 2.33.

Titan International (NYSE:TWI - Get Free Report) last issued its earnings results on Wednesday, May 1st. The industrial products company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.15). The firm had revenue of $482.21 million during the quarter, compared to the consensus estimate of $537.32 million. Titan International had a net margin of 3.20% and a return on equity of 17.27%. During the same period in the previous year, the company posted $0.53 EPS. On average, equities research analysts expect that Titan International, Inc. will post 1.46 EPS for the current fiscal year.

Insider Buying and Selling at Titan International

In related news, CAO Anthony Eheli sold 2,500 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $12.42, for a total transaction of $31,050.00. Following the completion of the sale, the chief accounting officer now directly owns 52,918 shares of the company's stock, valued at approximately $657,241.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 32.50% of the company's stock.

Hedge Funds Weigh In On Titan International

A number of large investors have recently added to or reduced their stakes in TWI. Byrne Asset Management LLC bought a new position in shares of Titan International in the 1st quarter valued at about $25,000. Tradewinds Capital Management LLC bought a new position in shares of Titan International in the first quarter valued at $100,000. SG Americas Securities LLC acquired a new position in Titan International during the third quarter worth $139,000. Boulder Hill Capital Management LP bought a new stake in Titan International during the fourth quarter worth $161,000. Finally, Quantbot Technologies LP lifted its stake in Titan International by 20.1% in the third quarter. Quantbot Technologies LP now owns 11,564 shares of the industrial products company's stock valued at $155,000 after acquiring an additional 1,935 shares during the last quarter. Institutional investors own 80.39% of the company's stock.

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.