Kronos Worldwide (NYSE:KRO) Sets New 52-Week Low – Here’s Why

Kronos Worldwide, Inc. (NYSE:KRO)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $7.17 and last traded at $7.31, with a volume of 31136 shares traded. The stock had previously closed at $7.33.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a report on Monday.

Kronos Worldwide Stock Up 0.7 %

The company has a current ratio of 2.68, a quick ratio of 1.30 and a debt-to-equity ratio of 0.56. The firm’s 50 day simple moving average is $9.13 and its 200-day simple moving average is $10.51. The stock has a market capitalization of $876.00 million, a price-to-earnings ratio of 9.41 and a beta of 1.16.

Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings results on Thursday, March 6th. The specialty chemicals company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.31). Kronos Worldwide had a net margin of 5.05% and a return on equity of 11.74%. The business had revenue of $423.10 million during the quarter, compared to analyst estimates of $494.19 million.

Kronos Worldwide Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Tuesday, March 11th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.20 annualized dividend and a yield of 2.63%. Kronos Worldwide’s payout ratio is currently 27.03%.

Insider Activity

In other news, Director Kevin B. Kramer acquired 14,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $7.43 per share, with a total value of $104,020.00. Following the transaction, the director now directly owns 21,460 shares in the company, valued at approximately $159,447.80. The trade was a 187.67 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KRO. Aigen Investment Management LP bought a new position in shares of Kronos Worldwide in the 3rd quarter valued at about $141,000. Cornercap Investment Counsel Inc. bought a new stake in shares of Kronos Worldwide during the 3rd quarter worth about $264,000. Quest Partners LLC boosted its holdings in shares of Kronos Worldwide by 522.7% during the 3rd quarter. Quest Partners LLC now owns 54,826 shares of the specialty chemicals company’s stock worth $683,000 after buying an additional 46,021 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kronos Worldwide by 2.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company’s stock worth $2,237,000 after buying an additional 3,833 shares during the period. Finally, Algert Global LLC boosted its holdings in shares of Kronos Worldwide by 230.0% during the 3rd quarter. Algert Global LLC now owns 69,215 shares of the specialty chemicals company’s stock worth $862,000 after buying an additional 48,240 shares during the period. Institutional investors own 15.11% of the company’s stock.

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.