Titan Machinery Inc. (TITN) Trading Up 3.4%
Titan Machinery Inc. (NASDAQ:TITN) shares were up 3.4% on Friday . The stock traded as high as $11.32 and last traded at $11.09, with a volume of 56,867 shares traded. The stock had previously closed at $10.73.
Separately, Zacks Investment Research cut Titan Machinery from a “hold” rating to a “sell” rating in a research report on Wednesday, June 15th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.75.
The stock’s market cap is $233.88 million. The company’s 50-day moving average price is $11.11 and its 200 day moving average price is $11.24.
Titan Machinery (NASDAQ:TITN) last posted its earnings results on Thursday, August 25th. The company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.06. The business earned $278.30 million during the quarter, compared to analyst estimates of $291.62 million. Titan Machinery’s revenue for the quarter was down 16.7% on a year-over-year basis. Equities analysts forecast that Titan Machinery Inc. will post ($0.45) 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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