Kronos Worldwide Inc. (KRO) Shares Gap Up to $5.78
Kronos Worldwide Inc. (NYSE:KRO) shares gapped up prior to trading on Thursday . The stock had previously closed at $5.77, but opened at $5.78. Kronos Worldwide shares last traded at $5.80, with a volume of 118,535 shares trading hands.
Separately, Zacks Investment Research downgraded shares of Kronos Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday.
The stock’s market cap is $677.90 million. The stock has a 50-day moving average of $5.59 and a 200 day moving average of $5.60.
Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings results on Friday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.13) by $0.10. During the same quarter in the previous year, the business posted $0.16 EPS. The business earned $318.40 million during the quarter, compared to the consensus estimate of $308.50 million. The company’s revenue for the quarter was down 12.8% on a year-over-year basis. On average, equities analysts predict that Kronos Worldwide Inc. will post $0.03 EPS for the current fiscal year.
A hedge fund recently raised its stake in Kronos Worldwide stock. Morgan Stanley raised its stake in Kronos Worldwide Inc. (NYSE:KRO) by 64.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,530 shares of the company’s stock after buying an additional 105,140 shares during the period. Morgan Stanley owned 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.
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