Titan International Inc. (TWI) Trading 5% Higher
Shares of Titan International Inc. (NYSE:TWI) traded up 5% on Wednesday . The stock 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 downgraded Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $7.88.
The stock’s 50-day moving average is $6.56 and its 200 day moving average is $5.60. The stock’s market cap is $438.35 million.
Titan International (NYSE:TWI) last released its quarterly earnings data on Thursday, August 4th. The company reported ($0.04) earnings per share for the quarter, meeting the consensus estimate of ($0.04). The company earned $330.20 million during the quarter, compared to the consensus estimate of $330.92 million. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.02 earnings per share. On average, equities analysts predict that Titan International Inc. will post ($0.53) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders 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 annualized dividend and a dividend yield of 0.26%.
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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