Titan Machinery Inc. (TITN) Sees Strong Trading Volume
Shares of Titan Machinery Inc. (NASDAQ:TITN) saw unusually-high trading volume on Friday . Approximately 122,415 shares were traded 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 downgraded 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 issued a hold rating and three have given a buy rating to the company. Titan Machinery presently has a consensus rating of “Hold” and an average price target of $12.75.
The stock’s market capitalization is $233.46 million. The firm’s 50 day moving average is $11.20 and its 200 day moving average is $11.17.
Titan Machinery (NASDAQ:TITN) last posted its earnings results on Thursday, August 25th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.06) by $0.06. The business had revenue of $278.30 million for the quarter, compared to the consensus estimate of $291.62 million. The company’s revenue for the quarter was down 16.7% compared to the same quarter last year. Analysts anticipate that Titan Machinery Inc. will post ($0.45) EPS for the current year.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.