Titan Machinery Inc. (NASDAQ:TITN)’s share price dropped 2.2% on Wednesday . The company traded as low as $10.95 and last traded at $10.96, with a volume of 57,414 shares changing hands. The stock had previously closed at $11.21.

TITN has been the topic of a number of research reports. William Blair reiterated an “underperform” rating and issued a $9.00 target price on shares of Titan Machinery in a report on Sunday, March 20th. Zacks Investment Research downgraded Titan Machinery from a “hold” rating to a “sell” rating in a report on Wednesday, March 23rd. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.75.

The company’s 50 day moving average is $11.08 and its 200 day moving average is $10.69. The stock’s market capitalization is $232.37 million.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings data on Thursday, May 26th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.17) by $0.04. The firm earned $284.90 million during the quarter. During the same period in the prior year, the firm earned ($0.13) earnings per share. The company’s revenue for the quarter was down 19.3% on a year-over-year basis. Equities analysts expect that Titan Machinery Inc. will post ($0.16) earnings per share for the current year.

A hedge fund recently raised its stake in Titan Machinery stock. Russell Frank Co increased its stake in Titan Machinery Inc. (NASDAQ:TITN) by 13.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 411,161 shares of the company’s stock after buying an additional 49,828 shares during the period. Russell Frank Co owned approximately 1.95% of Titan Machinery worth $4,518,000 as of its most recent SEC filing.

Titan Machinery Inc owns and operates a network of service agricultural and construction equipment stores in the United States and Europe. The Company has three segments: Agriculture, Construction and International. Within its segments, it engages in four principal business activities: new and used equipment sales; parts sales; repair and maintenance services, and equipment rental and other activities.