Titan Machinery Stock Gaps Up On Today's Open (TITN)
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 yesterday and opened today's trading at $31.72.
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. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.