It is currently trading at $26.25 significantly above the 50 day moving average of $23.35 and which is quite a bit above the 200 day moving average of $19.90. The 50 day moving average went up $2.90 or +12.44% and the 200 day average moved up $6.35. Kronos Worldwide Inc shares had a trading volume of 270K by the end of trading on Tuesday. Overall, volume was down 24.88% under the stocks normal daily volume.
Short traders are feeling a little more bearish on the company lately if you consider the change in short interest. The firm realized a rise in short interest from September 15, 2017 to September 29, 2017 of 11.78%. Short interest increased from 2,153,135 to 2,406,838 over that period. Days to cover increased 3.0 to 8.0 and the percentage of shorted shares was 0.02% on September 29.
Here are a few substantial investment firms who have updated their positions. As of quarter end Cutler Group LP had acquired 91 shares growing its position 7.2%. The value of the company’s investment in Kronos Worldwide Inc increased from $23,000 to $31,000 increasing 34.8% for the reporting period. Advisory Services Network, LLC trimmed its ownership by selling 609 shares a decrease of 1.6% from 06/30/2017 to 09/30/2017. Advisory Services Network, LLC claims 36,542 shares valued at $834,000. The value of the position overall is up by 23.2%.
As of the end of the quarter Bank Of Montreal /can/ had sold a total of 13,423 shares trimming its holdings by 98.2%. The value of the total investment in Kronos Worldwide Inc went from $249,000 to $6,000 a change of $243,000 quarter over quarter. Meeder Asset Management Inc expanded its stake by buying 1,440 shares an increase of 4,235.3% in the quarter. Meeder Asset Management Inc now holds 1,474 shares with a value of $34,000. The total value of its holdings increased 3,300.0%.
August 10 investment analysts at Barclays left the company rating at “Underweight” and raised the price expectation to $17.00 from $8.00.
The company is trading up by 0.31%% since yesterday’s close of 26.17. Additionally Kronos Worldwide Inc announced a dividend for shareholders which was paid on Thursday September 21st, 2017. The dividend payment was $0.150 per share for the quarter which is $0.60 annualized. This dividend amount represented a yield of $2.32. The ex-dividend date was Thursday the 31st of August 2017.
The most current P/E ratio is 10.91 and the market value is 3.04B. As of the last earnings report the EPS was $2.40 and is projected to be $1.47 for the current year with 115,902,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.41 with next year’s EPS anticipated to be $1.58.
Kronos Worldwide, Inc. (Kronos), launched on October 13, 1989, is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America. The Company offers its customers a portfolio of products that include TiO2 pigment grades under the Kronos brand, which provides a range of performance properties. It offers its products to domestic and international paint, plastics, decorative laminate and paper manufacturers. It ships TiO2 to its customers in either a powder or slurry form through rail, truck or ocean carrier. It sells and provides technical services for its products in three end-use markets, which include coatings, plastics and paper. It produces TiO2 in two crystalline forms, which include rutile and anatase. Rutile TiO2 is manufactured using both a chloride production process and a sulfate production process, whereas anatase TiO2 is only produced using a sulfate production process..