Extremely important negative changes in investment behavior have recently occurred for Titan International Inc (NYSE: TWI): negative upside/downside volume developed, and the stock fell on very heavy volume.
Titan International Inc (NYSE: TWI). Notable negative changes in fundamentals have recently occurred: the stock’s power rating fell below 50, and significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
TWI is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Titan International has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Titan International has a good Appreciation Score of 79 but a slightly negative Power Rating of 32, with the Neutral Value Trend Rating the result.
Recent Price Action
Titan International Inc (NYSE: TWI) stock declined by -4.1% on 5/3/24. The shares closed at $10.02. Moreover, exceptionally high trading volume at 312% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -12.9% during the last week.
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