Titan International (NYSE:TWI) Trading Up 3.2%

Titan International, Inc. (NYSE:TWI) shot up 3.2% during mid-day trading on Tuesday . The company traded as high as $8.09 and last traded at $8.01. 181,455 shares were traded during trading, a decline of 63% from the average session volume of 495,492 shares. The stock had previously closed at $7.76.

Titan International Stock Performance

The business’s fifty day moving average price is $7.89 and its 200-day moving average price is $9.48. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.38 and a current ratio of 2.40. The stock has a market cap of $579.32 million, a PE ratio of 9.02 and a beta of 1.80.

Titan International (NYSE:TWI) last issued its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.15). Titan International had a return on equity of 12.23% and a net margin of 1.55%. The business had revenue of $532.17 million during the quarter, compared to the consensus estimate of $547.02 million. As a group, equities research analysts forecast that Titan International, Inc. will post 0.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Titan International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in Titan International during the 2nd quarter worth approximately $27,000. Gladius Capital Management LP bought a new stake in Titan International during the 2nd quarter worth approximately $30,000. nVerses Capital LLC raised its stake in Titan International by 344.4% during the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 3,100 shares during the period. CWM LLC raised its stake in Titan International by 46.8% during the 2nd quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock worth $65,000 after acquiring an additional 2,819 shares during the period. Finally, Tradewinds Capital Management LLC bought a new stake in Titan International during the 1st quarter worth approximately $100,000. Institutional investors own 80.39% of the company’s stock.

Titan International Company Profile

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.