Titan International Inc. (NYSE:TWI) fell 8.3% on Monday . The stock traded as low as $5.98 and last traded at $6.07, with a volume of 541,860 shares traded. The stock had previously closed at $6.62.

Separately, Zacks Investment Research raised Titan International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Titan International has an average rating of “Hold” and an average target price of $8.73.

The stock’s market cap is $326.06 million. The company has a 50-day moving average of $6.61 and a 200-day moving average of $5.37.

Titan International (NYSE:TWI) last posted its earnings results on Thursday, May 5th. The company reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by $0.09. During the same quarter in the prior year, the business posted $0.01 EPS. The business earned $321.80 million during the quarter, compared to the consensus estimate of $354.11 million. Titan International’s quarterly revenue was down 20.0% on a year-over-year basis. On average, equities research analysts expect that Titan International Inc. will post ($0.56) EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.005 per share. The ex-dividend date was Tuesday, June 28th. This represents a $0.02 annualized dividend and a yield of 0.33%.

An institutional investor recently raised its position in Titan International stock. South Dakota Investment Council raised its position in Titan International Inc. (NYSE:TWI) by 144.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 436,900 shares of the company’s stock after buying an additional 258,100 shares during the period. South Dakota Investment Council owned about 0.81% of Titan International worth $1,721,000 at the end of the most recent reporting period.

Titan International, Inc together with its subsidiaries manufactures wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles used in the agricultural, earthmoving/construction and consumer segments. The Company operates in three segments: agricultural, earthmoving/construction and consumer.

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