Kronos Worldwide (NYSE:KRO) Share Price Crosses Above Two Hundred Day Moving Average of $13.14


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Shares of Kronos Worldwide, Inc. (NYSE:KRO) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.14 and traded as high as $16.01. Kronos Worldwide shares last traded at $15.39, with a volume of 128,008 shares traded.

KRO has been the subject of several research reports. Zacks Investment Research downgraded shares of Kronos Worldwide from a “buy” rating to a “sell” rating and set a $15.00 price target for the company. in a research report on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft raised their price objective on Kronos Worldwide from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, September 17th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $12.25.

The company has a market cap of $1.78 billion, a P/E ratio of 28.50 and a beta of 1.27. The business has a fifty day moving average of $14.89 and a 200 day moving average of $13.14. The company has a quick ratio of 2.91, a current ratio of 5.05 and a debt-to-equity ratio of 0.64.

Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings results on Wednesday, November 4th. The specialty chemicals company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.01). The firm had revenue of $416.90 million during the quarter, compared to analysts’ expectations of $373.28 million. Kronos Worldwide had a return on equity of 7.88% and a net margin of 3.95%. Kronos Worldwide’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 earnings per share. On average, sell-side analysts anticipate that Kronos Worldwide, Inc. will post 0.5 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of KRO. Amundi Pioneer Asset Management Inc. purchased a new stake in Kronos Worldwide in the first quarter worth $5,536,000. Boston Partners purchased a new stake in shares of Kronos Worldwide in the third quarter worth $1,547,000. Goldman Sachs Group Inc. grew its stake in shares of Kronos Worldwide by 94.5% in the second quarter. Goldman Sachs Group Inc. now owns 210,446 shares of the specialty chemicals company’s stock worth $2,191,000 after acquiring an additional 102,253 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Kronos Worldwide by 19.1% in the first quarter. First Trust Advisors LP now owns 271,865 shares of the specialty chemicals company’s stock worth $3,812,000 after acquiring an additional 43,569 shares during the last quarter. Finally, Engineers Gate Manager LP grew its stake in shares of Kronos Worldwide by 79.0% in the second quarter. Engineers Gate Manager LP now owns 64,439 shares of the specialty chemicals company’s stock worth $671,000 after acquiring an additional 28,439 shares during the last quarter. 16.60% of the stock is currently owned by institutional investors.

Kronos Worldwide Company Profile (NYSE:KRO)

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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