Tronox (NYSE:TROX) Reaches New 52-Week Low - Should You Sell?

Tronox Holdings plc (NYSE:TROX - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $9.44 and last traded at $9.45, with a volume of 359089 shares trading hands. The stock had previously closed at $9.49.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. BMO Capital Markets cut their target price on shares of Tronox from $21.00 to $17.00 and set an "outperform" rating for the company in a research note on Tuesday, October 29th. Barclays lowered their price objective on shares of Tronox from $18.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, October 28th. UBS Group upgraded shares of Tronox from a "neutral" rating to a "buy" rating and increased their price objective for the company from $17.00 to $19.00 in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group lowered their price objective on shares of Tronox from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, September 19th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Tronox presently has an average rating of "Moderate Buy" and a consensus target price of $18.00.

Tronox Stock Up 0.3 %

The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The company's 50-day simple moving average is $11.24 and its 200 day simple moving average is $13.26. The firm has a market cap of $1.50 billion, a P/E ratio of -19.83 and a beta of 1.62.

Tronox (NYSE:TROX - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30). The firm had revenue of $804.00 million during the quarter, compared to the consensus estimate of $790.63 million. Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. Tronox's revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.08) EPS. Research analysts anticipate that Tronox Holdings plc will post -0.04 EPS for the current fiscal year.

Tronox Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Monday, November 11th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.50 annualized dividend and a dividend yield of 5.25%. Tronox's dividend payout ratio (DPR) is presently -104.17%.

Institutional Investors Weigh In On Tronox

Several institutional investors have recently made changes to their positions in TROX. Public Employees Retirement System of Ohio bought a new stake in shares of Tronox in the 3rd quarter worth about $66,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Tronox in the 2nd quarter worth about $76,000. Headlands Technologies LLC purchased a new position in Tronox in the 2nd quarter worth about $83,000. nVerses Capital LLC increased its stake in Tronox by 35.1% in the 3rd quarter. nVerses Capital LLC now owns 10,400 shares of the company's stock worth $152,000 after buying an additional 2,700 shares during the period. Finally, Entropy Technologies LP purchased a new position in Tronox in the 3rd quarter worth about $190,000. Institutional investors own 73.36% of the company's stock.

About Tronox

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.