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 two hundred day moving average during trading on Friday . The stock has a two hundred 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

KRO has been the subject of a number of analyst reports. StockNews.com lowered Kronos Worldwide from a “buy” rating to a “hold” rating in a report on Friday, April 19th. TheStreet upgraded Kronos Worldwide from a “d+” rating to a “c-” rating in a report on Monday, March 11th. Finally, Barclays upped their target price on Kronos Worldwide from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Tuesday, March 26th.

Kronos Worldwide Stock Performance

The firm has a fifty day moving average price of $10.84 and a 200 day moving average price of $9.39. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.49 and a current ratio of 3.01. The stock has a market cap of $1.34 billion, a PE ratio of -27.00 and a beta of 1.21.

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

Kronos Worldwide Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Tuesday, March 5th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 6.55%. The ex-dividend date of this dividend was Monday, March 4th. Kronos Worldwide’s payout ratio is -176.74%.

Hedge Funds Weigh In On Kronos Worldwide

Several hedge funds have recently made changes to their positions in the company. Mirador Capital Partners LP increased its position in shares of Kronos Worldwide by 3.2% in the 1st quarter. Mirador Capital Partners LP now owns 57,995 shares of the specialty chemicals company’s stock valued at $684,000 after acquiring an additional 1,825 shares during the period. KG&L Capital Management LLC grew its position in Kronos Worldwide by 5.7% during the 4th quarter. KG&L Capital Management LLC now owns 64,675 shares of the specialty chemicals company’s stock worth $640,000 after purchasing an additional 3,500 shares during the period. Janney Montgomery Scott LLC grew its position in Kronos Worldwide by 24.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 35,011 shares of the specialty chemicals company’s stock worth $271,000 after purchasing an additional 6,979 shares during the period. Bank of New York Mellon Corp grew its position in Kronos Worldwide by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,106,941 shares of the specialty chemicals company’s stock worth $8,579,000 after purchasing an additional 9,924 shares during the period. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Kronos Worldwide during the 1st quarter worth about $134,000. 15.11% of the stock is owned by institutional investors and hedge funds.

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.