Titan Machinery (NASDAQ:TITN) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Titan Machinery Inc. (NASDAQ:TITN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.87 and traded as high as $19.26. Titan Machinery shares last traded at $18.58, with a volume of 250,505 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on TITN shares. Baird R W upgraded shares of Titan Machinery from a “hold” rating to a “strong-buy” rating in a report on Monday, January 27th. Robert W. Baird upgraded shares of Titan Machinery from a “neutral” rating to an “outperform” rating and raised their price target for the company from $14.00 to $25.00 in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.20.

Titan Machinery Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.32 and a quick ratio of 0.15. The company’s 50-day simple moving average is $15.58 and its 200-day simple moving average is $14.87. The company has a market cap of $429.76 million, a price-to-earnings ratio of 13.87 and a beta of 1.31.

Titan Machinery (NASDAQ:TITN) last issued its quarterly earnings data on Tuesday, November 26th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. Titan Machinery had a net margin of 1.10% and a return on equity of 5.91%. The company had revenue of $679.80 million during the quarter, compared to the consensus estimate of $675.30 million. During the same quarter last year, the company earned $1.32 earnings per share. Titan Machinery’s revenue for the quarter was down 2.1% on a year-over-year basis.

Institutional Trading of Titan Machinery

Hedge funds have recently made changes to their positions in the stock. Systematic Financial Management LP acquired a new stake in shares of Titan Machinery during the third quarter worth approximately $483,000. ArrowMark Colorado Holdings LLC grew its position in shares of Titan Machinery by 28.4% during the third quarter. ArrowMark Colorado Holdings LLC now owns 341,832 shares of the company’s stock worth $4,762,000 after buying an additional 75,710 shares in the last quarter. Sanctuary Advisors LLC grew its position in shares of Titan Machinery by 53.8% during the third quarter. Sanctuary Advisors LLC now owns 25,550 shares of the company’s stock worth $387,000 after buying an additional 8,942 shares in the last quarter. Barclays PLC grew its position in shares of Titan Machinery by 287.0% during the third quarter. Barclays PLC now owns 31,872 shares of the company’s stock worth $444,000 after buying an additional 23,637 shares in the last quarter. Finally, FMR LLC grew its position in shares of Titan Machinery by 142.5% during the third quarter. FMR LLC now owns 5,262 shares of the company’s stock worth $73,000 after buying an additional 3,092 shares in the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Titan Machinery Company Profile

Titan Machinery Inc owns and operates a network of full service agricultural and construction equipment stores in the United States, Europe, and Australia. It operates through four segments: Agriculture, Construction, Europe, and Australia. The company sells new and used equipment, including agricultural and construction equipment manufactured under the CNH Industrial family of brands, as well as equipment from various other manufacturers.