Kronos Worldwide (NYSE:KRO) Stock Price Down 7.6% – Should You Sell?

Shares of Kronos Worldwide Inc (NYSE:KRO) fell 7.6% during trading on Monday . The company traded as low as $6.15 and last traded at $6.1050. Approximately 125,016 shares changed hands during trading, a decline of 62% from the average session volume of 330,846 shares. The stock had previously closed at $6.61.

Analyst Ratings Changes

Several research analysts have recently issued reports on KRO shares. Weiss Ratings upgraded shares of Kronos Worldwide from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 10th. Wall Street Zen upgraded shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Finally, Zacks Research raised Kronos Worldwide from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.00.

Kronos Worldwide Stock Performance

The business’s 50 day moving average is $6.61 and its two-hundred day moving average is $6.30. The company has a market cap of $713.31 million, a PE ratio of -5.34 and a beta of 1.00. The company has a current ratio of 3.18, a quick ratio of 1.41 and a debt-to-equity ratio of 0.81.

Kronos Worldwide (NYSE:KRO) last posted its earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.29. Kronos Worldwide had a negative net margin of 7.12% and a negative return on equity of 15.01%. The company had revenue of $509.80 million during the quarter, compared to analysts’ expectations of $524.00 million. On average, equities research analysts anticipate that Kronos Worldwide Inc will post -0.33 EPS for the current year.

Kronos Worldwide Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 3.2%. The ex-dividend date was Thursday, June 4th. Kronos Worldwide’s payout ratio is currently -17.24%.

Institutional Trading of Kronos Worldwide

Several hedge funds have recently made changes to their positions in KRO. Raymond James Financial Inc. bought a new position in shares of Kronos Worldwide in the 2nd quarter valued at about $42,000. Jain Global LLC purchased a new stake in Kronos Worldwide during the fourth quarter valued at approximately $46,000. Pilgrim Partners Asia Pte Ltd raised its position in Kronos Worldwide by 68.1% during the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 11,600 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 4,700 shares during the period. Susquehanna Portfolio Strategies LLC bought a new stake in shares of Kronos Worldwide in the 4th quarter valued at approximately $53,000. Finally, Alpine Global Management LLC bought a new stake in shares of Kronos Worldwide in the 4th quarter valued at approximately $54,000. 15.11% of the stock is currently owned by hedge funds and other institutional investors.

Kronos Worldwide Company Profile

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.