Titan International, Inc. (NYSE:TWI) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.10 and last traded at $8.09, with a volume of 171,049 shares trading hands. The stock had previously closed at $8.24.

TWI has been the subject of several recent research reports. Zacks Investment Research upgraded Titan International from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Friday, June 30th. BidaskClub upgraded Titan International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. TheStreet upgraded Titan International from a “d+” rating to a “c-” rating in a research note on Friday, June 30th. Finally, ValuEngine cut Titan International from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.00.

The stock’s market capitalization is $497.30 million. The company’s 50-day moving average is $10.92 and its 200 day moving average is $11.20.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.18. The firm had revenue of $364.40 million during the quarter, compared to analysts’ expectations of $352.13 million. Titan International had a negative return on equity of 10.79% and a negative net margin of 3.23%. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the company earned ($0.04) earnings per share. Analysts anticipate that Titan International, Inc. will post ($0.26) EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Piedmont Investment Advisors LLC purchased a new stake in shares of Titan International during the second quarter worth about $125,000. California State Teachers Retirement System boosted its stake in shares of Titan International by 1.3% in the second quarter. California State Teachers Retirement System now owns 88,309 shares of the industrial products company’s stock worth $1,061,000 after buying an additional 1,100 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Titan International by 16.2% in the second quarter. The Manufacturers Life Insurance Company now owns 40,153 shares of the industrial products company’s stock worth $482,000 after buying an additional 5,585 shares during the period. State Street Corp boosted its stake in shares of Titan International by 3.7% in the second quarter. State Street Corp now owns 1,058,638 shares of the industrial products company’s stock worth $12,714,000 after buying an additional 37,423 shares during the period. Finally, Numeric Investors LLC boosted its stake in shares of Titan International by 33.6% in the second quarter. Numeric Investors LLC now owns 90,600 shares of the industrial products company’s stock worth $1,088,000 after buying an additional 22,800 shares during the period. 85.73% of the stock is owned by hedge funds and other institutional investors.

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Titan International Company Profile

Titan International, Inc is a wheel, tire, and undercarriage industrial manufacturer and supplier. The Company’s segments are agricultural, earthmoving/construction, and consumer. The Company produces a range of products to meet the specifications of original equipment manufacturers (OEMs) and aftermarket customers in the agricultural, earthmoving/construction, and consumer markets.

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