Titan Machinery Stock Falls On Unusually High Volume (TITN)

NEW YORK ( TheStreet) -- Titan Machinery (Nasdaq: TITN) is trading at unusually high volume Monday with 788,001 shares changing hands. It is currently at four times its average daily volume and trading down $1.50 (-4.2%) at $34.50 as of 3 p.m. ET.

Titan Machinery has a market cap of $604.8 million and is part of the services sector and specialty retail industry. Shares are up 65.7% year to date as of the close of trading on Friday.

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 16.2, above 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, solid stock price performance 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 poor profit margins. You can view the full Titan Machinery Ratings Report.

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