Titan Machinery Inc. (NASDAQ:TITN) saw unusually-high trading volume on Friday . Approximately 122,415 shares changed hands during trading, an increase of 48% from the previous session’s volume of 82,920 shares.The stock last traded at $11.01 and had previously closed at $10.87.

Separately, Zacks Investment Research lowered shares of Titan Machinery from a “hold” rating to a “sell” rating in a research note on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Titan Machinery has a consensus rating of “Hold” and a consensus price target of $12.75.

The stock has a 50 day moving average price of $11.20 and a 200-day moving average price of $11.17. The company’s market capitalization is $233.43 million.

Titan Machinery (NASDAQ:TITN) last announced its earnings results on Thursday, August 25th. The company reported ($0.12) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.06. The company earned $278.30 million during the quarter, compared to the consensus estimate of $291.62 million. The company’s revenue was down 16.7% compared to the same quarter last year. On average, equities research analysts anticipate that Titan Machinery Inc. will post ($0.33) EPS for the current fiscal year.

An institutional investor recently raised its position in Titan Machinery stock. Schwab Charles Investment Management Inc. increased its position in Titan Machinery Inc. (NASDAQ:TITN) by 27.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 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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