Kronos Worldwide Inc. (KRO) Shares Down 3.9%
Kronos Worldwide Inc. (NYSE:KRO)’s share price fell 3.9% during mid-day trading on Tuesday . The company traded as low as $5.84 and last traded at $5.85, with a volume of 117,676 shares traded. The stock had previously closed at $6.09.
Separately, Zacks Investment Research upgraded Kronos Worldwide from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 11th.
The stock has a 50-day moving average price of $5.60 and a 200 day moving average price of $5.60. The stock’s market cap is $657.04 million.
Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Friday, May 6th. The company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.10. The firm had revenue of $318.40 million for the quarter, compared to analysts’ expectations of $308.50 million. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.16 earnings per share. On average, equities analysts predict that Kronos Worldwide Inc. will post $0.03 earnings per share for the current year.
An institutional investor recently raised its position in Kronos Worldwide stock. Morgan Stanley increased its position in Kronos Worldwide Inc. (NYSE:KRO) by 64.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 267,530 shares of the company’s stock after buying an additional 105,140 shares during the period. Morgan Stanley owned about 0.23% of Kronos Worldwide worth $1,509,000 at the end of the most recent quarter.
Kronos Worldwide, Inc is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products in approximately 100 countries with sales in Europe and North America.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.