Kronos Worldwide (NYSE:KRO) Stock Crosses Above 200 Day Moving Average – Here’s Why

Kronos Worldwide Inc (NYSE:KRO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.13 and traded as high as $6.13. Kronos Worldwide shares last traded at $5.92, with a volume of 233,496 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kronos Worldwide in a research report on Wednesday, June 24th. Wall Street Zen raised shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Zacks Research raised shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $5.00.

Kronos Worldwide Stock Performance

The business’s fifty day moving average price is $6.76 and its two-hundred day moving average price is $6.13. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.41 and a current ratio of 3.18. The stock has a market capitalization of $680.06 million, a P/E ratio of -5.10 and a beta of 1.00.

Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings data on Wednesday, May 6th. The specialty chemicals company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.33) by $0.29. Kronos Worldwide had a negative return on equity of 15.01% and a negative net margin of 7.12%.The business had revenue of $509.80 million during the quarter, compared to analyst estimates of $524.00 million. As a group, sell-side analysts forecast that Kronos Worldwide Inc will post -0.33 earnings per share for the current year.

Kronos Worldwide Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, June 4th. Kronos Worldwide’s dividend payout ratio is -17.24%.

Institutional Trading of Kronos Worldwide

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealthspire Retirement LLC purchased a new position in Kronos Worldwide in the 1st quarter worth about $66,000. Bank of New York Mellon Corp raised its stake in Kronos Worldwide by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 804,588 shares of the specialty chemicals company’s stock worth $5,286,000 after buying an additional 35,224 shares in the last quarter. IMC Chicago LLC bought a new position in shares of Kronos Worldwide in the 1st quarter worth $68,000. Susquehanna Portfolio Strategies LLC bought a new position in Kronos Worldwide in the fourth quarter worth about $53,000. Finally, Jain Global LLC bought a new position in shares of Kronos Worldwide during the 4th quarter worth approximately $46,000. Hedge funds and other institutional investors own 15.11% of the company’s stock.

About Kronos Worldwide

Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO?) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.

In addition to its core TiO? offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.