Titan Machinery Inc. (NASDAQ:TITN)’s share price was down 3.1% on Friday . The stock traded as low as $11.29 and last traded at $11.42, with a volume of 68,796 shares trading hands. The stock had previously closed at $11.78.

Separately, Zacks Investment Research raised Titan Machinery from a “sell” rating to a “hold” rating in a research note on Saturday, April 16th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.75.

The company has a 50-day moving average of $11.33 and a 200-day moving average of $10.77. The company’s market cap is $242.13 million.

Titan Machinery (NASDAQ:TITN) last announced its 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. The firm earned $284.90 million during the quarter. During the same quarter in the prior year, the business earned ($0.13) earnings per share. The business’s revenue for the quarter was down 19.3% on a year-over-year basis. On average, equities research analysts predict that Titan Machinery Inc. will post ($0.16) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Titan Machinery stock. Boston Partners increased its stake in shares of Titan Machinery Inc. (NASDAQ:TITN) by 132.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 817,990 shares of the company’s stock after buying an additional 465,700 shares during the period. Boston Partners owned approximately 3.87% of Titan Machinery worth $8,941,000 at the end of the most recent reporting period.

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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