Titan Machinery (NASDAQ:TITN) Stock Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• Titan Machinery's stock price recently crossed above its 200-day moving average of $18.60, trading as high as $19.13 before closing at $18.27.
• Wall Street analysts have mixed views on Titan Machinery, with two analysts rating it as a Strong Buy, while others have issued a sell or hold rating, reflecting uncertainty about the stock's future performance.
• The company reported an earnings per share (EPS) of ($0.26), which surpassed analysts' estimates, alongside a revenue of $546.43 million for the most recent quarter.

Titan Machinery Inc. (NASDAQ:TITN - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $18.60 and traded as high as $19.13. Titan Machinery shares last traded at $18.27, with a volume of 477,780 shares traded.

Wall Street Analyst Weigh In

TITN has been the topic of several analyst reports. B. Riley increased their price target on shares of Titan Machinery from $19.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 27th. Wall Street Zen downgraded shares of Titan Machinery from a "hold" rating to a "sell" rating in a research report on Sunday, September 7th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Titan Machinery presently has an average rating of "Buy" and an average price target of $22.25.

Titan Machinery Trading Up 1.0%

The stock's fifty day moving average price is $19.70 and its 200 day moving average price is $18.67. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.31 and a quick ratio of 0.18. The stock has a market capitalization of $428.98 million, a P/E ratio of -6.81 and a beta of 1.30.

Titan Machinery (NASDAQ:TITN - Get Free Report) last issued its earnings results on Thursday, August 28th. The company reported ($0.26) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.30. The company had revenue of $546.43 million for the quarter, compared to analysts' expectations of $503.80 million. Titan Machinery had a negative net margin of 2.37% and a negative return on equity of 9.99%. Titan Machinery has set its FY 2026 guidance at -2.000--1.500 EPS.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its holdings in Titan Machinery by 352.2% in the second quarter. Tower Research Capital LLC TRC now owns 2,623 shares of the company's stock valued at $52,000 after purchasing an additional 2,043 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Titan Machinery by 42.8% during the 1st quarter. New York State Common Retirement Fund now owns 4,674 shares of the company's stock valued at $80,000 after buying an additional 1,400 shares during the period. State of Wyoming bought a new stake in shares of Titan Machinery in the 1st quarter valued at approximately $109,000. GAMMA Investing LLC boosted its position in Titan Machinery by 6,432.3% during the 1st quarter. GAMMA Investing LLC now owns 12,150 shares of the company's stock worth $207,000 after acquiring an additional 11,964 shares during the period. Finally, Prudential Financial Inc. bought a new stake in shares of Titan Machinery in the 2nd quarter worth $246,000. Institutional investors and hedge funds own 78.38% of the company's stock.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.