Titan International Inc. (DE) (TWI) Plunges 12.64%

Titan International Inc. (DE) (TWI) Plunges 12.64%

Titan International Inc. (DE) (TWI) had a rough trading day for Tuesday October 08 as shares tumbled 12.64%, or a loss of $-0.33 per share, to close at $2.28. After opening the day at $2.55, shares of Titan International Inc. (DE) traded as high as $2.57 and as low as $2.28. Volume was 395,186 shares over 2,489 trades, against an average daily volume of n/a shares and a total float of 60.17 million.

As a result of the decline, Titan International Inc. (DE) now has a market cap of $137.18 million. In the last year, shares of Titan International Inc. (DE) have traded between a range of $8.40 and $2.32, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

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) is based out of Quincy, IL and has some 6,300 employees. Its CEO is Paul G. Reitz.

Titan International Inc. (DE) is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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