Kronos Worldwide (NYSE:KRO) Downgraded by StockNews.com to “Buy”

StockNews.com downgraded shares of Kronos Worldwide (NYSE:KRO) from a strong-buy rating to a buy rating in a research report released on Tuesday morning.

Kronos Worldwide Trading Down 2.2 %

Shares of KRO stock opened at $9.73 on Tuesday. Kronos Worldwide has a fifty-two week low of $8.26 and a fifty-two week high of $14.50. The stock’s fifty day moving average price is $10.06 and its two-hundred day moving average price is $11.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.30 and a current ratio of 2.68. The company has a market cap of $1.12 billion, a PE ratio of 12.01 and a beta of 1.16.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings data on Wednesday, November 6th. The specialty chemicals company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.28. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%. The business had revenue of $484.70 million for the quarter, compared to analyst estimates of $588.59 million.

Hedge Funds Weigh In On Kronos Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC increased its holdings in shares of Kronos Worldwide by 83.3% during the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock worth $55,000 after buying an additional 2,000 shares in the last quarter. Quantbot Technologies LP acquired a new position in Kronos Worldwide in the 3rd quarter worth about $67,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Kronos Worldwide by 1,086.7% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,600 shares of the specialty chemicals company’s stock worth $120,000 after purchasing an additional 8,791 shares in the last quarter. Jade Capital Advisors LLC bought a new position in Kronos Worldwide in the third quarter valued at about $124,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Kronos Worldwide during the second quarter valued at about $131,000. Institutional investors own 15.11% of the company’s stock.

Kronos Worldwide Company Profile

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.