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Thursday, June 20, 2013

Potentially Oversold Level Reached (NYSE: TWI)

Shares of TWI fell by 3.06% or $-0.53/share to $16.77. NYSE is trading at a price to book ratio of 1.4. The PEG is 0.62 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.48. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 849353 shares of TWI exchange hands on a given day and today's volume is recorded at 369700. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Titan International, Inc. (Titan) through its subsidiaries, is engaged in the manufacturing of wheels and tires.