Titan International, Inc. (NYSE:TWI – Get Free Report) Director Max A. Guinn sold 18,402 shares of the stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $12.49, for a total value of $229,840.98. Following the completion of the sale, the director now owns 132,379 shares of the company’s stock, valued at $1,653,413.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Titan International Stock Down 0.6 %
NYSE TWI traded down $0.08 during trading hours on Monday, hitting $12.42. 311,904 shares of the company traded hands, compared to its average volume of 443,765. The stock has a market capitalization of $779.11 million, a price-to-earnings ratio of 5.39 and a beta of 2.24. Titan International, Inc. has a twelve month low of $9.23 and a twelve month high of $17.29. The business’s 50-day moving average is $12.10 and its 200-day moving average is $11.27. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.38 and a current ratio of 2.32.
Titan International (NYSE:TWI – Get Free Report) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. Titan International had a net margin of 7.11% and a return on equity of 31.05%. The business had revenue of $481.18 million during the quarter, compared to analysts’ expectations of $516.00 million. Sell-side analysts anticipate that Titan International, Inc. will post 1.5 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Separately, StockNews.com raised shares of Titan International from a “hold” rating to a “buy” rating in a research report on Thursday, August 31st.
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 North America, Latin America, Europe, the Commonwealth of Independent States region, the Middle East, Africa, Russia, and internationally.
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