Kronos Worldwide Inc. (KRO) Trading Up 4.2%
Kronos Worldwide Inc. (NYSE:KRO) shares were up 4.2% during mid-day trading on Tuesday . The company traded as high as $5.74 and last traded at $5.73, with a volume of 124,587 shares. The stock had previously closed at $5.50.
Separately, Zacks Investment Research raised Kronos Worldwide from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 11th.
The stock’s market cap is $665.15 million. The stock has a 50-day moving average price of $5.57 and a 200-day moving average price of $5.61.
Kronos Worldwide (NYSE:KRO) last announced its earnings results on Friday, May 6th. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.10. The firm had revenue of $318.40 million for the quarter, compared to the consensus estimate of $308.50 million. Kronos Worldwide’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. On average, equities research analysts anticipate that Kronos Worldwide Inc. will post $0.03 EPS for the current year.
A hedge fund recently raised its stake in Kronos Worldwide stock. Morgan Stanley boosted its position in Kronos Worldwide Inc. (NYSE:KRO) by 64.7% during the fourth quarter, according to its most recent 13F filing 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 0.23% of Kronos Worldwide worth $1,509,000 as of its most recent SEC filing.
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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