Kronos Worldwide Inc. (KRO) Shares Gap Up to $5.78
Kronos Worldwide Inc. (NYSE:KRO) 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 raised Kronos Worldwide from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Tuesday, June 21st.
The stock has a 50 day moving average price of $5.58 and a 200 day moving average price of $5.60. The firm’s market capitalization is $660.52 million.
Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings data on Friday, May 6th. The company reported ($0.03) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.10. During the same quarter last year, the firm posted $0.16 earnings per share. The firm had revenue of $318.40 million for the quarter, compared to analysts’ expectations of $308.50 million. Kronos Worldwide’s quarterly revenue was down 12.8% on a year-over-year basis. On average, equities research analysts anticipate that Kronos Worldwide Inc. will post $0.03 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in Kronos Worldwide stock. Morgan Stanley boosted its stake in Kronos Worldwide Inc. (NYSE:KRO) by 64.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 as of its most recent filing with the SEC.
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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