Kronos Worldwide Inc. (KRO) Shares Down 3.5%
Kronos Worldwide Inc. (NYSE:KRO) fell 3.5% during trading on Monday . The company traded as low as $5.40 and last traded at $5.50, with a volume of 401,694 shares changing hands. The stock had previously closed at $5.70.
Separately, Zacks Investment Research upgraded Kronos Worldwide from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research report on Tuesday, June 21st.
The company’s market cap is $637.34 million. The company has a 50 day moving average of $5.57 and a 200-day moving average of $5.61.
Kronos Worldwide (NYSE:KRO) last issued its earnings results on Friday, May 6th. The company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.10. During the same period in the previous year, the company earned $0.16 EPS. The company earned $318.40 million during 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. Equities research analysts forecast that Kronos Worldwide Inc. will post $0.03 earnings per share for the current year.
A hedge fund recently raised its stake in Kronos Worldwide stock. Morgan Stanley increased 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. The firm owned 267,530 shares of the company’s stock after buying an additional 105,140 shares during the period. Morgan Stanley owned approximately 0.23% of Kronos Worldwide worth $1,509,000 at the end of the most recent reporting period.
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.