Company shares last traded at $26.47 which is just over $24.47, the stock’s 50 day moving average and significantly above the 200 day moving average of $19.24. The 50 day moving average was up $2.00 or +8.18% and the 200 day average went up $7.23 or +37.56%. 1,635K shares changed hands on Tuesday. Trading volume was down 27.58% under the stocks average daily volume.
Traders are feeling more bullish on Tronox Limited Ordinary Shares of late as evidenced by the decrease in short interest. The stock experienced a fall in short interest of -42.60% between September 29, 2017 and October 13, 2017. Short shares fell from 5,876,902 to 3,373,476 over that timeframe. The short-interest ratio decreased to 1.0 and the percentage of shorted shares was 0.03% on October 13.
Here is a rundown on some insider market activity for Tronox Limited Ordinary Shares (NYSE:TROX). Jogita Khilnani, SVP & Corporate Controller sold $103,900 worth of shares at an average price of $20.78 on September 1st. That brings the SVP & Corporate Controller’s holdings to $611,036 per an SEC filing yesterday.
Additionally, here are a few investment firms who have increased or decreased their stake in (TROX). Victory Capital Management Inc cut its holdings by shedding 21,973 shares a decrease of 34.1% in the quarter. Victory Capital Management Inc claims 42,507 shares with a value of $897,000. The total value of its holdings decreased 8.0%. Nationwide Fund Advisors downsized its stake by selling 2,295 shares a decrease of 4.5%. Nationwide Fund Advisors now holds 48,569 shares valued at $1,025,000. The value of the position overall is up by 33.3%.
As of the end of the quarter Bbva Compass Bancshares, Inc had disposed of a total of 98 shares trimming its position 31.3%. The value of the total investment in Tronox Limited Ordinary Shares went from $5,000 to $5,000 a change of 0.0% quarter to quarter. As of quarter end Simplex Trading, LLC had bought 3,341 shares growing its holdings by 31.5%. The value of the investment in (TROX) increased from $160,000 to $294,000 increasing 83.8% quarter over quarter.
On October 23 analysts at Vertical Research starting coverage on TROX with a rating of “Buy”. On October 24, 2017 JP Morgan added the stock to its research portfolio setting a rating of “Overweight”.
In the market the company is trading up since yesterday’s close of $26.47. The company also recently declared a dividend paid on Thursday August 31st, 2017. The dividend was $0.045 per share for the quarter or $0.18 on an annualized basis. This dividend represents a yield of $0.67. The ex-dividend date was Thursday the 17th of August 2017.
The company currently has a P/E ratio of 66.34 and market cap is 3.15B. In the latest earnings report the EPS was $0.40 and is expected to be $-0.02 for the current year with 118,881,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.01 with next year’s EPS projected to be $1.09.
Tronox Limited, launched on September 21, 2011, is involved in the production and marketing of titanium bearing mineral sands and titanium dioxide (TiO2) pigment. The Company also produces natural soda ash. The Company operates through two segments: TiO2 and Alkali. Its TiO2 segment includes exploration, mining, and beneficiation of mineral sands deposits; production of titanium feedstock, including chloride slag, slag fines, synthetic rutile and leucoxene, pig iron and zircon; production and marketing of TiO2, and electrolytic manganese dioxide manufacturing and marketing, which is primarily focused on battery materials and specialty boron products. Its Alkali segment includes dry mining of trona ore underground at its Westvaco facility; secondary recovery of trona from previously dry mined areas underground at its Westvaco and Granger facilities through solution mining; refining of raw trona ore into soda ash and specialty sodium alkali products, and marketing, sale and distribution of alkali products..Advertisement