Titan International (NYSE:TWI) Downgraded to "Sell" Rating by StockNews.com

StockNews.com cut shares of Titan International (NYSE:TWI - Free Report) from a hold rating to a sell rating in a research report sent to investors on Tuesday.

Separately, Cantor Fitzgerald started coverage on Titan International in a research note on Thursday, March 20th. They issued an "overweight" rating and a $11.00 price objective for the company.

Titan International Stock Performance

TWI stock traded down $0.16 on Tuesday, hitting $7.42. The company had a trading volume of 438,251 shares, compared to its average volume of 729,295. Titan International has a 12-month low of $5.93 and a 12-month high of $11.72. The company has a current ratio of 2.38, a quick ratio of 1.33 and a debt-to-equity ratio of 0.84. The stock's 50-day simple moving average is $7.91 and its 200 day simple moving average is $7.63. The stock has a market cap of $468.93 million, a price-to-earnings ratio of -61.83 and a beta of 1.64.

Hedge Funds Weigh In On Titan International

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Titan International by 136.2% in the fourth quarter. GAMMA Investing LLC now owns 5,431 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 3,132 shares in the last quarter. FMR LLC lifted its position in shares of Titan International by 43.7% in the third quarter. FMR LLC now owns 5,343 shares of the industrial products company's stock worth $43,000 after buying an additional 1,625 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Titan International in the fourth quarter worth about $54,000. Mraz Amerine & Associates Inc. purchased a new stake in shares of Titan International in the fourth quarter worth about $74,000. Finally, First Trust Advisors LP purchased a new stake in shares of Titan International in the fourth quarter worth about $74,000. 80.39% of the stock is currently owned by hedge funds and other institutional investors.

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.