Shares of Titan Machinery Inc. (TITN) broke into a new 52-week high yesterday, hitting a peak of $23.31.
Shares closed at $23.15 after opening at $22.64 for a move of 3.9%. The company now has a market cap of $522.17 million.
Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of
momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out
before an impending period of decline.
For Titan Machinery Inc., the new 52-week high came on volume of 276,137. The stock has a float of 22.56 million shares and average daily volume of $n/a. It has a
50-day SMA of $n/a and a 200-day SMA of $n/a.
For a complete fundamental analysis analysis of Titan Machinery Inc., check out Equities.com’s Stock Valuation Analysis report
for
TITN.
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Titan Machinery Inc sells and services agricultural and construction equipment in the United States and Europe. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: Agriculture, Construction and International. The Agriculture segment which generate majority revenue distributes and sells machinery, equipment transportation, global positioning system signal subscriptions and finance products for farming operations. The Construction segment markets and trades heavy equipment for building purposes. The International segment rents out machinery and equipment for farming, construction and landscaping.
Titan Machinery Inc. is based out of West Fargo, ND and has some 1,730 employees. Its CEO is David J. Meyer.
Titan Machinery Inc. is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest
companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.
What’s more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow
Jones Industrial Average or S&P 500.
To get more information on Titan Machinery Inc. and to follow the company’s latest updates, you can visit the company’s profile page here:
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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