Kronos Worldwide Inc. (NYSE:KRO) was down 4.2% during trading on Friday . The stock traded as low as $6.65 and last traded at $6.68, with a volume of 186,687 shares changing hands. The stock had previously closed at $6.97.

Separately, Zacks Investment Research cut Kronos Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th.

The stock has a 50 day moving average of $5.72 and a 200-day moving average of $5.74. The firm’s market capitalization is $782.28 million.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.02. The business had revenue of $356.10 million for the quarter, compared to analysts’ expectations of $334 million. During the same quarter last year, the company earned ($1.38) earnings per share. Kronos Worldwide’s revenue was down 1.1% on a year-over-year basis. Equities analysts expect that Kronos Worldwide Inc. will post $0.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Tuesday, September 6th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date of this dividend is Thursday, September 1st.

An institutional investor recently raised its position 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 filing 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 about 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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