Tronox Ltd (NYSE:TROX)’s share price traded down 7.6% on Friday . The stock traded as low as $10.82 and last traded at $10.82, 1,769,000 shares were traded during trading. A decline of 4% from the average session volume of 1,848,262 shares. The stock had previously closed at $11.71.
Several research analysts recently weighed in on the stock. ValuEngine lowered shares of Tronox from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Zacks Investment Research raised shares of Tronox from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a research note on Tuesday. Alembic Global Advisors reissued a “buy” rating and set a $19.00 price objective on shares of Tronox in a research note on Monday, December 2nd. Finally, TheStreet lowered shares of Tronox from a “c-” rating to a “d+” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Tronox has a consensus rating of “Buy” and a consensus price target of $16.67.
The firm’s 50 day moving average is $11.32 and its two-hundred day moving average is $9.97. The firm has a market cap of $1.66 billion, a P/E ratio of 19.32 and a beta of 3.49. The company has a current ratio of 3.26, a quick ratio of 1.62 and a debt-to-equity ratio of 3.80.
Tronox (NYSE:TROX) last announced its earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.15 by $0.06. The firm had revenue of $768.00 million for the quarter, compared to the consensus estimate of $797.64 million. Tronox had a negative net margin of 4.79% and a positive return on equity of 6.56%. The business’s quarterly revenue was up 68.4% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. Analysts predict that Tronox Ltd will post 0.45 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the business. BBVA USA Bancshares Inc. raised its holdings in Tronox by 8.1% during the 3rd quarter. BBVA USA Bancshares Inc. now owns 16,414 shares of the company’s stock worth $136,000 after buying an additional 1,223 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of Tronox in the second quarter valued at approximately $43,000. Rhumbline Advisers raised its holdings in shares of Tronox by 2.9% in the third quarter. Rhumbline Advisers now owns 136,957 shares of the company’s stock valued at $1,137,000 after purchasing an additional 3,802 shares during the last quarter. Quantum Capital Management acquired a new stake in shares of Tronox in the third quarter valued at approximately $32,000. Finally, Bank of Montreal Can raised its holdings in shares of Tronox by 73.7% in the second quarter. Bank of Montreal Can now owns 18,361 shares of the company’s stock valued at $234,000 after purchasing an additional 7,793 shares during the last quarter. Hedge funds and other institutional investors own 58.19% of the company’s stock.
Tronox Company Profile (NYSE:TROX)
Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.
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