Valhi (NYSE:VHI) Share Price Crosses Below 200 Day Moving Average of $24.24

Valhi, Inc. (NYSE:VHI)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.24 and traded as low as $21.53. Valhi shares last traded at $22.10, with a volume of 8,042 shares trading hands.

The stock has a market cap of $624.92 million, a P/E ratio of 8.28 and a beta of 2.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 3.73 and a current ratio of 5.45. The business has a 50 day simple moving average of $23.38 and a 200-day simple moving average of $24.24.

Valhi (NYSE:VHI) last announced its quarterly earnings data on Thursday, August 5th. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.57). Valhi had a net margin of 3.79% and a return on equity of 5.92%.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 23rd. Shareholders of record on Thursday, September 2nd will be paid a $0.08 dividend. The ex-dividend date is Wednesday, September 1st. This represents a $0.32 dividend on an annualized basis and a yield of 1.45%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG bought a new stake in shares of Valhi in the second quarter valued at approximately $35,000. Morgan Stanley grew its stake in Valhi by 1,115.2% in the 2nd quarter. Morgan Stanley now owns 2,552 shares of the basic materials company’s stock worth $62,000 after buying an additional 2,342 shares in the last quarter. California State Teachers Retirement System purchased a new position in Valhi in the 2nd quarter worth approximately $80,000. New York State Common Retirement Fund purchased a new position in Valhi in the 2nd quarter worth approximately $97,000. Finally, JPMorgan Chase & Co. grew its stake in Valhi by 8,284.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,714 shares of the basic materials company’s stock worth $188,000 after buying an additional 7,622 shares in the last quarter. 3.06% of the stock is owned by institutional investors.

Valhi Company Profile (NYSE:VHI)

Valhi, Inc is a holding company, which engages in the manufacture and marketing of titanium dioxide pigments. It operates through the following segments: Chemicals, Component Products, and Real Estate Management and Development. The Chemicals segment produces and markets titanium dioxide pigments for paints, plastics, paper, fibers, and ceramics.

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