Tronox (NYSE:TROX) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Wednesday.
Separately, J P Morgan Chase & Co started coverage on Tronox in a research note on Tuesday, October 24th. They issued an “overweight” rating and a $30.00 target price on the stock.
Tronox (NYSE TROX) traded down $6.90 on Wednesday, reaching $18.63. The company had a trading volume of 13,182,823 shares, compared to its average volume of 1,396,470. The company has a current ratio of 8.44, a quick ratio of 6.91 and a debt-to-equity ratio of 3.45. Tronox has a 1-year low of $10.20 and a 1-year high of $28.40.
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Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
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