Titan Machinery Stock Falls On Unusually High Volume (TITN)
Titan Machinery (Nasdaq:TITN) is trading at unusually high volume Thursday with 1.5 million shares changing hands. It is currently at four times its average daily volume and trading down $3.71 (-13.6%).
NEW YORK ( TheStreet) -- Titan Machinery (Nasdaq: TITN) is trading at unusually high volume Thursday with 1.5 million shares changing hands. It is currently at four times its average daily volume and trading down $3.71 (-13.6%) at $23.65 as of 1:15 p.m. ET. Titan Machinery has a market cap of $469.6 million and is part of the services sector and specialty retail industry. Shares are up 41.8% year to date as of the close of trading on Wednesday. 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 17, equal to the average specialty retail industry P/E ratio 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, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, poor profit margins and weak operating cash flow. You can view the full Titan Machinery Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.