Titan International Inc. (NYSE:TWI)’s share price dropped 3.9% during trading on Tuesday . The stock traded as low as $6.56 and last traded at $6.67, with a volume of 243,369 shares traded. The stock had previously closed at $6.94.

Separately, Zacks Investment Research raised shares of Titan International from a “hold” rating to a “buy” rating and set a $7.25 price target on the stock in a research report on Wednesday, April 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $8.73.

The stock has a 50-day moving average price of $6.59 and a 200 day moving average price of $5.34. The firm’s market cap is $367.09 million.

Titan International (NYSE:TWI) last released its quarterly earnings data on Thursday, May 5th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.09. The company had revenue of $321.80 million for the quarter, compared to analyst estimates of $354.11 million. The company’s revenue was down 20.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 earnings per share. Equities analysts expect that Titan International Inc. will post ($0.56) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a $0.005 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend was Tuesday, June 28th.

An institutional investor recently raised its position in Titan International stock. South Dakota Investment Council boosted its stake in Titan International Inc. (NYSE:TWI) by 144.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 436,900 shares of the company’s stock after buying an additional 258,100 shares during the period. South Dakota Investment Council owned 0.81% of Titan International worth $1,721,000 at the end of the most recent quarter.

Titan International, Inc together with its subsidiaries manufactures wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates in three segments: agricultural, earthmoving/construction and consumer.

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