Titan International (NYSE:TWI) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Titan International, Inc. (NYSE:TWI)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.44 and traded as high as $8.68. Titan International shares last traded at $8.5650, with a volume of 462,165 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Titan International in a research report on Monday, December 29th. Wall Street Zen upgraded Titan International from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $11.33.

Titan International Stock Down 0.2%

The business’s fifty day simple moving average is $7.99 and its two-hundred day simple moving average is $8.44. The company has a market cap of $547.73 million, a PE ratio of -85.65 and a beta of 1.41. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.28 and a quick ratio of 1.25.

Titan International (NYSE:TWI) last posted its quarterly earnings data on Wednesday, November 5th. The industrial products company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. Titan International had a positive return on equity of 1.38% and a negative net margin of 0.34%.The business had revenue of $466.47 million during the quarter, compared to analysts’ expectations of $458.74 million. On average, analysts predict that Titan International, Inc. will post 0.03 earnings per share for the current year.

Institutional Investors Weigh In On Titan International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWI. Donald Smith & CO. Inc. boosted its position in shares of Titan International by 92.2% during the 2nd quarter. Donald Smith & CO. Inc. now owns 1,459,953 shares of the industrial products company’s stock worth $14,994,000 after purchasing an additional 700,467 shares during the period. EVR Research LP grew its stake in shares of Titan International by 27.3% in the second quarter. EVR Research LP now owns 1,400,000 shares of the industrial products company’s stock valued at $14,378,000 after buying an additional 300,000 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Titan International by 69.9% in the 3rd quarter. Two Sigma Investments LP now owns 452,317 shares of the industrial products company’s stock valued at $3,420,000 after buying an additional 186,048 shares during the period. Victory Capital Management Inc. boosted its holdings in Titan International by 11.3% during the 3rd quarter. Victory Capital Management Inc. now owns 1,649,715 shares of the industrial products company’s stock valued at $12,472,000 after acquiring an additional 167,032 shares during the period. Finally, Bank of America Corp DE increased its stake in Titan International by 35.1% during the 2nd quarter. Bank of America Corp DE now owns 584,390 shares of the industrial products company’s stock worth $6,002,000 after buying an additional 151,888 shares during the period. Hedge funds and other institutional investors own 80.39% of the company’s stock.

About Titan International

Titan International, Inc is a leading global manufacturer of wheels, tires and undercarriage systems designed for off-highway vehicles. The company serves a diverse range of markets including agricultural, construction, earthmoving and consumer segments. Titan’s product portfolio encompasses a variety of tire sizes and tread designs, steel and cast centers, wheels, tracks and complete wheel‐and‐tire assemblies tailored to meet the needs of tractors, combines, skid steers, loaders, haul trucks and other specialized equipment.

In addition to original equipment manufacturing, Titan provides extensive aftermarket support through its network of distributors and sales offices.