Titan Machinery Inc. (NASDAQ:TITN) Stock Catapults 28% Though Its Price And Business Still Lag The Industry
Titan Machinery Inc. (NASDAQ:TITN) shares have had a really impressive month, gaining 28% after a shaky period beforehand. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 12% over that time.
In spite of the firm bounce in price, when close to half the companies operating in the United States’ Trade Distributors industry have price-to-sales ratios (or “P/S”) above 1.2x, you may still consider Titan Machinery as an enticing stock to check out with its 0.2x P/S ratio. However, the P/S might be low for a reason and it requires further investigation to determine if it’s justified.
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