Titan International Inc. (DE) (TWI) Soars 13.97%

Titan International Inc. (DE) (TWI) Soars 13.97%

Titan International Inc. (DE) (TWI) had a good day on the market for Friday October 11 as shares jumped 13.97% to close at $2.61. About 328,303 shares traded hands on 1,985 trades for the day, compared with an average daily volume of n/a shares out of a total float of 60.17 million. After opening the trading day at $2.33, shares of Titan International Inc. (DE) stayed within a range of $2.65 to $2.33.

With today’s gains, Titan International Inc. (DE) now has a market cap of $157.03 million. Shares of Titan International Inc. (DE) have been trading within a range of $8.40 and $2.25 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $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 also 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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