Titan International Inc. (TWI) Trading Up 5%
Titan International Inc. (NYSE:TWI) shares were up 5% on Wednesday . The company traded as high as $6.96 and last traded at $6.92, with a volume of 118,493 shares changing hands. The stock had previously closed at $6.59.
Separately, Zacks Investment Research raised Titan International from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a research note on Wednesday, April 27th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Titan International presently has a consensus rating of “Hold” and a consensus price target of $8.73.
The firm’s market cap is $370.87 million. The stock’s 50 day moving average price is $6.52 and its 200-day moving average price is $5.57.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a $0.005 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.02 dividend on an annualized basis and a yield of 0.29%.
Titan International, Inc is a manufacturer of wheels, tires and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates through three segments: agricultural, earthmoving/construction and consumer. The Company’s agricultural market includes rims, wheels, tires and undercarriage systems and components manufactured for use on various agricultural and forestry equipment.
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