Titan International (NYSE:TWI) Trading Up 8.2% – Still a Buy?

Titan International, Inc. (NYSE:TWI)’s stock price was up 8.2% on Friday . The company traded as high as $6.99 and last traded at $6.97. Approximately 216,410 shares changed hands during trading, a decline of 57% from the average daily volume of 504,737 shares. The stock had previously closed at $6.44.

Titan International Trading Up 5.4 %

The company has a current ratio of 2.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84. The business’s 50-day moving average is $7.67 and its two-hundred day moving average is $8.13. The firm has a market cap of $428.71 million, a P/E ratio of -56.58 and a beta of 1.82.

Titan International (NYSE:TWI) last announced its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.15). Titan International had a negative net margin of 0.51% and a positive return on equity of 5.76%. The business had revenue of $532.17 million for the quarter, compared to the consensus estimate of $547.02 million. As a group, analysts expect that Titan International, Inc. will post 0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Innealta Capital LLC bought a new position in Titan International in the 2nd quarter worth about $27,000. Gladius Capital Management LP bought a new position in Titan International in the 2nd quarter worth about $30,000. nVerses Capital LLC grew its position in Titan International by 344.4% in the 2nd quarter. nVerses Capital LLC now owns 4,000 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 3,100 shares during the last quarter. CWM LLC grew its position in Titan International by 46.8% in the 2nd quarter. CWM LLC now owns 8,837 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 2,819 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in Titan International in the 2nd quarter worth about $101,000. 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.