Titan Machinery Inc. (TITN) Stock Price Down 4.1%
Shares of Titan Machinery Inc. (NASDAQ:TITN) traded down 4.1% during trading 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 upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Titan Machinery has an average rating of “Hold” and an average 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 company’s market capitalization is $227.92 million.
Titan Machinery (NASDAQ:TITN) last released its quarterly earnings results on Thursday, May 26th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.17) by $0.04. During the same period in the previous year, the company earned ($0.13) EPS. The company had revenue of $284.90 million for the quarter. The company’s revenue for the quarter was down 19.3% on a year-over-year basis. Equities research analysts forecast that Titan Machinery Inc. will post ($0.16) EPS for the current 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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