Titan International (NYSE:TWI) Reaches New 1-Year Low at $7.05

Titan International, Inc. (NYSE:TWIGet Free Report)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $7.05 and last traded at $7.12, with a volume of 10870 shares. The stock had previously closed at $7.13.

Analyst Ratings Changes

Separately, TheStreet cut Titan International from a “b-” rating to a “c” rating in a report on Thursday, February 29th.

Get Our Latest Analysis on TWI

Titan International Trading Down 1.7 %

The stock has a 50-day moving average price of $9.02 and a two-hundred day moving average price of $12.06. The stock has a market capitalization of $510.82 million, a PE ratio of 8.01 and a beta of 1.89. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.31 and a current ratio of 2.33.

Titan International (NYSE:TWIGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.15). The firm had revenue of $482.21 million during the quarter, compared to the consensus estimate of $537.32 million. Titan International had a return on equity of 17.27% and a net margin of 3.20%. During the same quarter in the previous year, the company earned $0.53 earnings per share. As a group, equities analysts forecast that Titan International, Inc. will post 0.91 earnings per share for the current year.

Hedge Funds Weigh In On Titan International

Hedge funds have recently made changes to their positions in the business. SummerHaven Investment Management LLC boosted its stake in Titan International by 1.2% in the 4th quarter. SummerHaven Investment Management LLC now owns 62,440 shares of the industrial products company’s stock worth $929,000 after purchasing an additional 747 shares during the period. Swiss National Bank boosted its position in shares of Titan International by 1.4% during the third quarter. Swiss National Bank now owns 117,900 shares of the industrial products company’s stock worth $1,583,000 after acquiring an additional 1,600 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Titan International by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 527,146 shares of the industrial products company’s stock valued at $7,844,000 after acquiring an additional 1,927 shares in the last quarter. Byrne Asset Management LLC bought a new stake in Titan International in the 1st quarter valued at $25,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in Titan International by 5.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,505 shares of the industrial products company’s stock worth $555,000 after purchasing an additional 2,171 shares in the last quarter. Institutional investors own 80.39% of the company’s stock.

About Titan International

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Titan International, Inc, together with its subsidiaries, manufactures and sells wheels, tires, and undercarriage systems and components for off-highway vehicles in the United States and internationally. The company operates in Agricultural, Earthmoving/Construction, and Consumer segments. It offers wheels, tires, and undercarriage systems and components for various agricultural equipment, including tractors, combines, skidders, plows, planters, and irrigation equipment.

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