Shares of Titan International Inc. (DE) (NYSE:TWI) traded today at $15.18, eclipsing its 52-week high. Approximately 85,000 shares have changed hands today, as compared to an average 30-day volume of 538,000 shares.
Titan International Inc. (DE) (NYSE:TWI) defies analysts with a current price ($14.92) 4.6% above its average consensus price target of $14.24.
Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Brazil and other countries. Titan derives most of the revenue from Agricultural segment in which rims, wheels, tires and undercarriage systems and components are manufactured for use on various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan’s own distribution centers.
Titan International Inc. (DE) share prices have moved between a 52-week high of $15.18 and a 52-week low of $6.69 and are now trading 123% above that low price at $14.92 per share.
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