RTTNews | Jun 15, 2021 11:54AM EDT

11:53 Tuesday, June 15, 2021 (RTTNews.com) - Shares of farm and construction equipment dealer Titan Machinery Inc. (TITN) are climbing 8 percent on Tuesday's trading despite there being no company announcement or industry-related news to move the stock upwards.

In May, the company posted first-quarter net income of $10.5 million or $0.47 per share, higher than $2.3 million or $0.10 per share in the same period last year. Quarterly income, excluding items, was $10.4 million or $0.46 per share, compared to $3.4 million or $0.15 per share in the year-ago period.

Revenues climbed to $372.7 million from $310.2 million in the first quarter last year.

TITN is currently trading at $32.84, up $2.56 or 8% on the NASDAQ. The stock has traded between $9.80 and $35.24 during the past 52 weeks.

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