Tronox (TROX) Downgraded to “Sell” at ValuEngine
Tronox (NYSE:TROX) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Wednesday.
Separately, J P Morgan Chase & Co initiated coverage on Tronox in a research report on Tuesday, October 24th. They set an “overweight” rating and a $30.00 price target for the company.
Shares of Tronox (NYSE TROX) traded down $6.90 during mid-day trading on Wednesday, reaching $18.63. The company’s stock had a trading volume of 13,182,823 shares, compared to its average volume of 1,396,470. The company has a quick ratio of 6.91, a current ratio of 8.44 and a debt-to-equity ratio of 3.45. Tronox has a one year low of $10.20 and a one year high of $28.40.
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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