Titan Machinery Inc. (TITN) Shares Down 4.1%
Shares of Titan Machinery Inc. (NASDAQ:TITN) traded down 4.1% on Friday . The stock traded as low as $10.71 and last traded at $10.75, with a volume of 56,623 shares changing hands. The stock had previously closed at $11.21.
Separately, Zacks Investment Research raised Titan Machinery from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.75.
The firm’s 50 day moving average is $11.25 and its 200 day moving average is $10.98. The firm’s market cap is $227.92 million.
Titan Machinery (NASDAQ:TITN) last posted its quarterly earnings results on Thursday, May 26th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.17) by $0.04. During the same period in the previous year, the business posted ($0.13) earnings per share. The business earned $284.90 million during the quarter. The business’s revenue was down 19.3% on a year-over-year basis. On average, analysts expect that Titan Machinery Inc. will post ($0.16) earnings per share for the current fiscal year.
Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.
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