Kronos Worldwide (NYSE:KRO) Share Price Passes Above 200 Day Moving Average of $9.39

Kronos Worldwide, Inc. (NYSE:KRO)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.39 and traded as high as $11.71. Kronos Worldwide shares last traded at $11.61, with a volume of 124,798 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays raised their target price on shares of Kronos Worldwide from $7.00 to $8.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 26th. TheStreet raised shares of Kronos Worldwide from a “d+” rating to a “c-” rating in a research report on Monday, March 11th. Finally, StockNews.com cut shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, April 19th.

Kronos Worldwide Trading Up 2.2 %

The company has a quick ratio of 1.49, a current ratio of 3.01 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $10.84 and its 200-day moving average is $9.39. The firm has a market cap of $1.34 billion, a P/E ratio of -27.00 and a beta of 1.21.

Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings results on Wednesday, March 6th. The specialty chemicals company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $400.10 million during the quarter, compared to analyst estimates of $404.94 million. Kronos Worldwide had a negative net margin of 2.95% and a negative return on equity of 5.73%. As a group, analysts forecast that Kronos Worldwide, Inc. will post 0.33 earnings per share for the current fiscal year.

Kronos Worldwide Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Tuesday, March 5th were paid a $0.19 dividend. The ex-dividend date was Monday, March 4th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.55%. Kronos Worldwide’s dividend payout ratio (DPR) is presently -176.74%.

Institutional Trading of Kronos Worldwide

Institutional investors have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC bought a new stake in Kronos Worldwide during the first quarter valued at $134,000. SG Americas Securities LLC bought a new stake in Kronos Worldwide during the fourth quarter valued at $125,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Kronos Worldwide by 631.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,183 shares of the specialty chemicals company’s stock valued at $211,000 after purchasing an additional 18,288 shares during the last quarter. Jump Financial LLC bought a new stake in Kronos Worldwide during the third quarter valued at $173,000. Finally, Semanteon Capital Management LP bought a new stake in Kronos Worldwide during the fourth quarter valued at $228,000. Institutional investors own 15.11% of the company’s stock.

Kronos Worldwide Company Profile

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.