Titan Machinery Inc. (TITN) Trading 4.5% Higher
Titan Machinery Inc. (NASDAQ:TITN)’s share price traded up 4.5% during mid-day trading on Tuesday . The company traded as high as $11.39 and last traded at $11.26, with a volume of 60,260 shares traded. The stock had previously closed at $10.78.
Separately, Zacks Investment Research upgraded shares of Titan Machinery from a “sell” rating to a “hold” rating in a research report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Titan Machinery currently has a consensus rating of “Hold” and a consensus target price of $12.75.
The stock’s 50-day moving average is $11.20 and its 200 day moving average is $11.15. The firm’s market capitalization is $242.97 million.
Titan Machinery (NASDAQ:TITN) last posted its earnings results on Thursday, May 26th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.17) by $0.04. The firm had revenue of $284.90 million for the quarter. During the same period in the prior year, the business earned ($0.13) earnings per share. Titan Machinery’s quarterly revenue was down 19.3% compared to the same quarter last year. On average, equities analysts predict that Titan Machinery Inc. will post ($0.16) earnings per share for the current year.
An institutional investor recently raised its position in Titan Machinery stock. Schwab Charles Investment Management Inc. raised its stake in Titan Machinery Inc. (NASDAQ:TITN) by 27.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,527 shares of the company’s stock after buying an additional 24,950 shares during the period. Schwab Charles Investment Management Inc. owned 0.55% of Titan Machinery worth $1,263,000 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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