Titan International (NYSE:TWI) Sees Large Volume Increase

Shares of Titan International, Inc. (NYSE:TWI - Get Free Report) saw unusually-high trading volume on Monday . Approximately 200,566 shares were traded during trading, a decline of 34% from the previous session's volume of 303,513 shares.The stock last traded at $9.89 and had previously closed at $10.02.

Analysts Set New Price Targets

Separately, TheStreet lowered Titan International from a "b-" rating to a "c" rating in a research note on Thursday, February 29th.

Titan International Price Performance

The stock has a 50 day simple moving average of $12.11 and a two-hundred day simple moving average 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. The firm has a market cap of $661.30 million, a PE ratio of 10.20 and a beta of 2.09.

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

Insider Activity at Titan International

In related news, CAO Anthony Eheli sold 2,500 shares of Titan International stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $12.42, for a total value of $31,050.00. Following the sale, the chief accounting officer now directly owns 52,918 shares in the company, valued at approximately $657,241.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 32.50% of the stock is owned by corporate insiders.

Institutional Trading of Titan International

Large investors have recently bought and sold shares of the business. Byrne Asset Management LLC purchased a new position in shares of Titan International during the 1st quarter worth $25,000. Tradewinds Capital Management LLC acquired a new position in Titan International in the 1st quarter valued at about $100,000. SG Americas Securities LLC purchased a new stake in shares of Titan International in the 3rd quarter valued at approximately $139,000. Boulder Hill Capital Management LP acquired a new stake in shares of Titan International during the 4th quarter worth approximately $161,000. Finally, Quantbot Technologies LP raised its position in shares of Titan International by 20.1% during the 3rd quarter. Quantbot Technologies LP now owns 11,564 shares of the industrial products company's stock valued at $155,000 after buying an additional 1,935 shares during the period. Hedge funds and other institutional investors own 80.39% of the company's stock.

About Titan International

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.