Titan International Inc. (TWI) Stock Price Down 3.1%
Shares of Titan International Inc. (NYSE:TWI) fell 3.1% during trading on Wednesday . The company traded as low as $9.16 and last traded at $9.28, with a volume of 234,630 shares changing hands. The stock had previously closed at $9.58.
A number of research firms have commented on TWI. Zacks Investment Research lowered shares of Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 11th. Jefferies Group upped their price objective on shares of Titan International from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.68.
The stock has a 50 day moving average price of $8.13 and a 200-day moving average price of $6.48. The company’s market capitalization is $500.20 million.
Titan International (NYSE:TWI) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.04) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.04). The firm earned $330.20 million during the quarter, compared to analyst estimates of $330.92 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. Titan International’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, equities research analysts anticipate that Titan International Inc. will post ($0.48) EPS for the current fiscal year.
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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