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Kronos Worldwide, Inc. (KRO) produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally.
It produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, such as paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, food, and cosmetics.
The company also produces ilmenite, a raw material used directly as a feedstock by sulfate-process TiO2 plants; iron-based chemicals, which are used as treatment and conditioning agents for industrial effluents and municipal wastewater, as well as in the manufacture of iron pigments, cement, and agricultural products; titanium oxychloride for use in the formulation of pearlescent pigments, and production of electroceramic capacitors for cell phones and other electronic devices; and titanyl sulfate that is used in pearlescent pigments, natural gas pipe, and other specialty applications.
In addition, it sells and provides technical services for its products. The company sells its products under the Kronos brand through distributors and agents to paint, plastics, decorative laminate, and paper manufacturers.
Shares are heading higher in an upward trading channel. The lower boundary of the said channel coincides with the stock's 50-day moving average. We expect the weakness in today's market to offer a better entry point for this stock. Please wait!
52-Weeks Trading Range: $11.12 - $29.49
Entry Point: $26.85
Stop Loss: $25.50
Target Price: $29.54
KRO closed at $26.42
