NEW YORK ( TheStreet) -- Titan Machinery (Nasdaq: TITN) is trading at unusually high volume Thursday with 1.4 million shares changing hands. It is currently at four times its average daily volume and trading up $2.12 (+7.8%) at $29.22 as of 1:17 p.m. ET.

Titan Machinery has a market cap of $490 million and is part of the services sector and specialty retail industry. Shares are up 40.4% year to date as of the close of trading on Wednesday.

Titan Machinery Inc. owns and operates networks of full service agricultural and construction equipment stores. It engages in new and used equipment sales; parts sales; repair and maintenance services; and equipment rental and other activities. The company has a P/E ratio of 22.2, equal to the average specialty retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Titan Machinery as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Titan Machinery Ratings Report.

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