Kronos Worldwide (NYSE:KRO) Hits New 52-Week Low – Here’s What Happened

Kronos Worldwide, Inc. (NYSE:KRO)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $8.48 and last traded at $8.51, with a volume of 58166 shares traded. The stock had previously closed at $8.75.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $12.00.

Kronos Worldwide Trading Down 3.5 %

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 has a market capitalization of $971.48 million, a price-to-earnings ratio of 10.43 and a beta of 1.14. The company has a fifty day moving average price of $9.37 and a two-hundred day moving average price of $10.67.

Kronos Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Tuesday, March 11th will be given 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 2.37%. Kronos Worldwide’s payout ratio is 24.69%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KRO. Squarepoint Ops LLC raised its position in Kronos Worldwide by 4.3% in the fourth quarter. Squarepoint Ops LLC now owns 85,379 shares of the specialty chemicals company’s stock valued at $832,000 after purchasing an additional 3,498 shares during the period. Two Sigma Advisers LP grew its stake in shares of Kronos Worldwide by 42.8% in the fourth quarter. Two Sigma Advisers LP now owns 80,100 shares of the specialty chemicals company’s stock valued at $781,000 after buying an additional 24,000 shares in the last quarter. State of Wyoming raised its holdings in shares of Kronos Worldwide by 28.1% in the 4th quarter. State of Wyoming now owns 5,031 shares of the specialty chemicals company’s stock valued at $49,000 after buying an additional 1,105 shares during the period. Millennium Management LLC lifted its stake in Kronos Worldwide by 55.8% during the 4th quarter. Millennium Management LLC now owns 192,469 shares of the specialty chemicals company’s stock worth $1,877,000 after acquiring an additional 68,959 shares in the last quarter. Finally, Luminus Management LLC purchased a new position in Kronos Worldwide during the 4th quarter valued at about $2,538,000. Institutional investors and hedge funds 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.