Kronos Worldwide (NYSE:KRO) Stock Price Up 7.1% – What’s Next?
by Tristan Rich · The Markets DailyKronos Worldwide Inc (NYSE:KRO – Get Free Report) was up 7.1% during trading on Friday . The company traded as high as $5.36 and last traded at $5.26. Approximately 164,700 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 274,613 shares. The stock had previously closed at $4.91.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on KRO shares. Zacks Research cut Kronos Worldwide from a “hold” rating to a “strong sell” rating in a research report on Wednesday, December 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Kronos Worldwide in a report on Monday. Finally, The Goldman Sachs Group dropped their price target on shares of Kronos Worldwide from $8.50 to $6.00 and set a “sell” rating for the company in a research report on Friday, October 17th. Four investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Strong Sell” and an average target price of $6.50.
View Our Latest Analysis on KRO
Kronos Worldwide Stock Performance
The stock has a fifty day simple moving average of $4.88 and a two-hundred day simple moving average of $5.71. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.47 and a current ratio of 3.83. The stock has a market cap of $597.11 million, a price-to-earnings ratio of -14.42 and a beta of 1.15.
Kronos Worldwide (NYSE:KRO – Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The specialty chemicals company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.12). The business had revenue of $456.90 million for the quarter, compared to the consensus estimate of $519.27 million. Kronos Worldwide had a negative return on equity of 3.09% and a negative net margin of 2.22%.
Kronos Worldwide Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Investors of record on Friday, November 21st were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, November 21st. Kronos Worldwide’s dividend payout ratio is currently -55.56%.
Institutional Trading of Kronos Worldwide
Hedge funds have recently added to or reduced their stakes in the stock. Verition Fund Management LLC bought a new stake in shares of Kronos Worldwide during the third quarter worth $150,000. Qube Research & Technologies Ltd boosted its holdings in shares of Kronos Worldwide by 10.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 122,648 shares of the specialty chemicals company’s stock valued at $704,000 after acquiring an additional 11,639 shares in the last quarter. Bank of America Corp DE grew its position in Kronos Worldwide by 55.8% during the 3rd quarter. Bank of America Corp DE now owns 472,305 shares of the specialty chemicals company’s stock worth $2,711,000 after acquiring an additional 169,246 shares during the last quarter. Creative Planning grew its position in Kronos Worldwide by 39.6% during the 3rd quarter. Creative Planning now owns 58,720 shares of the specialty chemicals company’s stock worth $337,000 after acquiring an additional 16,656 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in Kronos Worldwide by 5.9% in the 3rd quarter. Two Sigma Investments LP now owns 147,633 shares of the specialty chemicals company’s stock worth $847,000 after purchasing an additional 8,160 shares in the last quarter. Institutional investors and hedge funds own 15.11% of the company’s stock.
About Kronos Worldwide
Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.
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