Kronos Worldwide (NYSE:KRO) Share Price Breaks Above 200-Day Moving Average – What’s Next?

Kronos Worldwide Inc (NYSE:KRO) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $7.21 and traded as high as $7.55. Kronos Worldwide shares last traded at $7.3850, with a volume of 454,885 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KRO shares. Zacks Research downgraded Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. The Goldman Sachs Group reiterated a “sell” rating and set a $8.00 price objective on shares of Kronos Worldwide in a research note on Thursday, August 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Kronos Worldwide in a report on Tuesday, October 6th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kronos Worldwide from $6.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, August 25th. Finally, Wall Street Zen upgraded shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 16th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $8.50.

Kronos Worldwide Stock Performance

The company has a current ratio of 3.30, a quick ratio of 1.55 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $8.16 and its two-hundred day moving average is $7.21. The company has a market cap of $855.42 million, a PE ratio of -7.82 and a beta of 1.10.

Kronos Worldwide (NYSE:KRO) last issued its earnings results on Wednesday, August 5th. The specialty chemicals company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.06. The company had revenue of $558.10 million during the quarter, compared to the consensus estimate of $484.51 million. Kronos Worldwide had a negative net margin of 5.63% and a negative return on equity of 12.28%. On average, equities research analysts anticipate that Kronos Worldwide Inc will post 0.35 EPS for the current year.

Kronos Worldwide Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Thursday, September 3rd were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.7%. Kronos Worldwide’s dividend payout ratio is -21.05%.

Institutional Trading of Kronos Worldwide

Several institutional investors have recently made changes to their positions in the business. Group One Trading LLC bought a new stake in Kronos Worldwide during the 2nd quarter valued at approximately $41,000. Wealthspire Retirement LLC bought a new position in Kronos Worldwide in the 1st quarter worth approximately $66,000. IMC Chicago LLC bought a new position in Kronos Worldwide in the 2nd quarter worth approximately $65,000. Algert Global LLC boosted its stake in Kronos Worldwide by 87.9% in the 2nd quarter. Algert Global LLC now owns 22,150 shares of the specialty chemicals company’s stock worth $140,000 after purchasing an additional 10,360 shares during the period. Finally, Abel Hall LLC purchased a new stake in Kronos Worldwide during the 1st quarter valued at approximately $80,000. Hedge funds and other institutional investors own 15.11% of the company’s stock.

About Kronos Worldwide

Kronos Worldwide, Inc is a global producer and marketer of titanium dioxide (TiO2) pigments, which are used to provide whiteness, brightness, opacity and durability in a wide range of products. Its pigments are sold primarily to manufacturers of paints and coatings, plastics, paper and other specialty applications.

The company produces titanium dioxide using chloride and sulfate process technologies and supplies customers through operations and commercial activities in North America and Europe.