Valhi (NYSE:VHI) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Valhi, Inc. (NYSE:VHI) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.11 and traded as low as $13.58. Valhi shares last traded at $13.8110, with a volume of 6,022 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Valhi in a research note on Wednesday, July 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Valhi Stock Performance

The company has a quick ratio of 1.74, a current ratio of 3.25 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average of $13.90 and a 200 day moving average of $14.11. The stock has a market capitalization of $391.95 million, a P/E ratio of -5.45 and a beta of 0.96.

Valhi (NYSE:VHI) last announced its quarterly earnings results on Thursday, May 7th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.70). The business had revenue of $560.10 million during the quarter, compared to the consensus estimate of $564.20 million. Valhi had a negative net margin of 3.45% and a negative return on equity of 4.29%.

Valhi Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Thursday, June 4th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $0.32 dividend on an annualized basis and a yield of 2.3%. Valhi’s payout ratio is presently -12.60%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its stake in shares of Valhi by 46.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,722 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 859 shares during the period. Geode Capital Management LLC lifted its position in shares of Valhi by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 59,303 shares of the basic materials company’s stock worth $715,000 after buying an additional 1,116 shares during the period. Raymond James Financial Inc. bought a new position in shares of Valhi during the 2nd quarter worth approximately $31,000. Empowered Funds LLC boosted its stake in Valhi by 1.9% in the 1st quarter. Empowered Funds LLC now owns 144,202 shares of the basic materials company’s stock valued at $2,343,000 after buying an additional 2,753 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Valhi by 133.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,867 shares of the basic materials company’s stock valued at $79,000 after buying an additional 2,786 shares in the last quarter. Institutional investors own 3.83% of the company’s stock.

Valhi Company Profile

Valhi, Inc is a diversified holding company incorporated in Delaware in 1987 and headquartered in Dallas, Texas. Through its three wholly owned subsidiaries—Kronos Worldwide, CompX International and NL Industries—Valhi participates in the manufacture and distribution of chemical and security products for industrial, commercial and consumer markets.

Kronos Worldwide is a leading independent producer of titanium dioxide pigment, a white powder that enhances brightness and opacity in paints, coatings, plastics, paper and other applications.