Titan Machinery Inc. (NASDAQ:TITN) shares fell 3.1% during mid-day trading on Friday . The company 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 cut shares of Titan Machinery from a “hold” rating to a “sell” rating in a research note 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. Titan Machinery currently has a consensus rating of “Hold” and a consensus target price of $12.75.

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

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

A hedge fund recently raised its stake in Titan Machinery stock. Russell Frank Co raised its position in shares of Titan Machinery Inc. (NASDAQ:TITN) by 13.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 filing with the SEC.

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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