A Piece Of The Puzzle Missing From Titan International, Inc.’s (NYSE:TWI) 33% Share Price Climb
Titan International, Inc. (NYSE:TWI) shareholders would be excited to see that the share price has had a great month, posting a 33% gain and recovering from prior weakness. Taking a wider view, although not as strong as the last month, the full year gain of 24% is also fairly reasonable.
In spite of the firm bounce in price, Titan International’s price-to-sales (or “P/S”) ratio of 0.3x might still make it look like a buy right now compared to the Machinery industry in the United States, where around half of the companies have P/S ratios above 1.6x and even P/S above 4x are quite common. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
