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Titan Machinery Stock Gaps Up On Today's Open (TITN)

By TheStreet Wire 04/11/12 - 09:55 AM EDT

Find out if (TITN) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Titan Machinery (Nasdaq:TITN) were gapping up Wednesday morning with an open price 15.5% higher than Tuesday's closing price. The stock closed at $27.47 Tuesday and opened today's trading at $31.72.

The average volume for Titan Machinery has been 196,300 shares per day over the past 30 days. Titan Machinery has a market cap of $604.8 million and is part of the services sector and specialty retail industry. Shares are up 33.9% year to date as of the close of trading on Tuesday.

Titan Machinery Inc. owns and operates a network of full service agricultural and construction equipment stores in the United States. It engages in the sale of new and used equipment; sale of parts; provision of repair and maintenance services; and rental of equipment. The company has a P/E ratio of 14.5, below the average specialty retail industry P/E ratio of 15.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Titan Machinery as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Titan Machinery Ratings Report.

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