Kronos Worldwide (NYSE:KRO) Shares Pass Above 200-Day Moving Average of $10.11

Kronos Worldwide, Inc. (NYSE:KRO)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.11 and traded as high as $13.12. Kronos Worldwide shares last traded at $12.75, with a volume of 174,279 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com raised Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Barclays upped their price target on Kronos Worldwide from $8.00 to $9.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 15th. The Goldman Sachs Group lifted their price objective on shares of Kronos Worldwide from $9.00 to $11.00 and gave the company a “sell” rating in a research report on Thursday, May 16th. Finally, TheStreet upgraded shares of Kronos Worldwide from a “d+” rating to a “c-” rating in a research report on Monday, March 11th.

Kronos Worldwide Trading Down 2.4 %

The company has a current ratio of 3.68, a quick ratio of 1.90 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $11.99 and a 200-day moving average price of $10.11. The firm has a market capitalization of $1.47 billion, a PE ratio of -55.43 and a beta of 1.21.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Wednesday, March 6th. The specialty chemicals company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. Kronos Worldwide had a negative return on equity of 3.13% and a negative net margin of 1.50%. The firm had revenue of $400.10 million for the quarter, compared to analyst estimates of $404.94 million. Analysts expect that Kronos Worldwide, Inc. will post 0.33 earnings per share for the current year.

Kronos Worldwide Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be issued a $0.19 dividend. The ex-dividend date is Monday, June 10th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.96%. Kronos Worldwide’s dividend payout ratio is presently -330.42%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citigroup Inc. boosted its stake in shares of Kronos Worldwide by 111.8% during the 3rd quarter. Citigroup Inc. now owns 53,275 shares of the specialty chemicals company’s stock worth $413,000 after acquiring an additional 28,117 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Kronos Worldwide by 193.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 31,900 shares of the specialty chemicals company’s stock valued at $317,000 after buying an additional 21,025 shares in the last quarter. KG&L Capital Management LLC increased its position in shares of Kronos Worldwide by 5.7% in the fourth quarter. KG&L Capital Management LLC now owns 64,675 shares of the specialty chemicals company’s stock valued at $640,000 after buying an additional 3,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Kronos Worldwide by 631.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,183 shares of the specialty chemicals company’s stock worth $211,000 after buying an additional 18,288 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Kronos Worldwide by 24.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 35,011 shares of the specialty chemicals company’s stock worth $271,000 after buying an additional 6,979 shares in the last quarter. 15.11% of the stock is currently owned by institutional investors and hedge funds.

About Kronos Worldwide

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.