Titan International (NYSE:TWI) Sees Unusually-High Trading Volume

Titan International, Inc. (NYSE:TWI) shares saw strong trading volume on Monday . 200,566 shares traded hands during trading, a decline of 34% from the previous session’s volume of 303,513 shares.The stock last traded at $9.89 and had previously closed at $10.02.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded shares of Titan International from a “b-” rating to a “c” rating in a research note on Thursday, February 29th.

Titan International Stock Down 3.3 %

The company has a market capitalization of $624.13 million, a price-to-earnings ratio of 9.62 and a beta of 2.09. The business’s 50-day moving average is $11.89 and its 200-day moving average is $13.14. The company has a quick ratio of 1.31, a current ratio of 2.33 and a debt-to-equity ratio of 0.88.

Titan International (NYSE:TWI) last issued its quarterly earnings data 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 analyst estimates 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 last year, the company posted $0.53 EPS. As a group, equities analysts predict that Titan International, Inc. will post 1.46 earnings per share for the current year.

Insiders Place Their Bets

In other Titan International news, CAO Anthony Eheli sold 2,500 shares of the company’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $12.42, for a total value of $31,050.00. Following the completion of the transaction, the chief accounting officer now owns 52,918 shares in the company, valued at $657,241.56. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 32.50% of the company’s stock.

Institutional Trading of Titan International

A number of institutional investors and hedge funds have recently modified their holdings of TWI. Byrne Asset Management LLC purchased a new stake in Titan International during the 1st quarter valued at about $25,000. Tradewinds Capital Management LLC purchased a new stake in Titan International during the 1st quarter valued at about $100,000. ProShare Advisors LLC purchased a new stake in Titan International during the 1st quarter valued at about $129,000. SG Americas Securities LLC purchased a new stake in Titan International during the 3rd quarter valued at about $139,000. Finally, Quantbot Technologies LP grew its stake in Titan International by 20.1% during the 3rd quarter. Quantbot Technologies LP now owns 11,564 shares of the industrial products company’s stock valued at $155,000 after acquiring an additional 1,935 shares in the last quarter. Hedge funds and other institutional investors own 80.39% of the company’s stock.

About Titan International

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.