Kronos Worldwide (NYSE:KRO) Shares Gap Down – What’s Next?

Kronos Worldwide, Inc. (NYSE:KRO)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $11.31, but opened at $11.06. Kronos Worldwide shares last traded at $10.75, with a volume of 86,686 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Barclays lifted their target price on Kronos Worldwide from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Kronos Worldwide currently has an average rating of “Hold” and an average target price of $12.00.

Kronos Worldwide Stock Down 6.0 %

The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. The firm has a market cap of $1.22 billion, a P/E ratio of 13.11 and a beta of 1.16. The firm’s 50-day moving average price is $11.83 and its 200 day moving average price is $12.06.

Kronos Worldwide Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 29th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.20 dividend on an annualized basis and a yield of 1.88%. Kronos Worldwide’s dividend payout ratio is currently 24.69%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. nVerses Capital LLC grew its holdings in shares of Kronos Worldwide by 83.3% during the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock valued at $55,000 after buying an additional 2,000 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Kronos Worldwide in the third quarter worth $67,000. Quest Partners LLC raised its holdings in shares of Kronos Worldwide by 9,905.7% during the second quarter. Quest Partners LLC now owns 8,805 shares of the specialty chemicals company’s stock worth $111,000 after acquiring an additional 8,717 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in Kronos Worldwide by 1,086.7% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,600 shares of the specialty chemicals company’s stock valued at $120,000 after purchasing an additional 8,791 shares during the last quarter. Finally, Jade Capital Advisors LLC purchased a new position in Kronos Worldwide in the third quarter valued at about $124,000. 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.