Kronos Worldwide Inc. (KRO) Shares Up 9.7%
Kronos Worldwide Inc. (NYSE:KRO) shares were up 9.7% during mid-day trading on Monday . The company traded as high as $6.50 and last traded at $6.43, with a volume of 466,650 shares trading hands. The stock had previously closed at $5.86.
Separately, Zacks Investment Research downgraded shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th.
The stock’s market cap is $760.30 million. The firm’s 50 day moving average price is $5.59 and its 200 day moving average price is $5.66.
Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.02. The company earned $356.10 million during the quarter, compared to analyst estimates of $334 million. During the same period in the previous year, the business posted ($1.38) earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. Analysts predict that Kronos Worldwide Inc. will post $0.03 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Kronos Worldwide stock. Dimensional Fund Advisors LP boosted its stake in Kronos Worldwide Inc. (NYSE:KRO) by 1.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,266,681 shares of the company’s stock after buying an additional 23,748 shares during the period. Dimensional Fund Advisors LP owned about 1.09% of Kronos Worldwide worth $7,144,000 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.
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