Earnings News

Tronox Holdings plc (NYSE:TROX) Moves Up on releasing news update

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Tronox Holdings plc (NYSE:TROX) changed 3.93% to recent value of $14.55 after Tronox Holdings plc (NYSE:TROX) reported that it has completed its acquisition of the titanium dioxide (“TiO2”) business of The National Titanium Dioxide Company Limited (“Cristal”). The FTC issued an Order and Decision today, allowing the transaction to proceed with the divestiture of Cristal’s North American TiO2 business to INEOS Enterprises, a division of INEOS (“INEOS”). The divestiture transaction is scheduled to close on May 1, 2019. The previously announced divestiture of the 8120 paper laminate grade to Venator Materials PLC (NYSE: VNTR), which was approved by the European Commission in August 2018, is expected to close imminently.

“I am pleased this transformative acquisition has finally been completed and I greatly admire the resiliency both organizations have shown throughout this process. I also appreciate the professionalism and collaborative mindset applied by the FTC Bureau of Competition and the staff of the FTC in working with Tronox, Cristal and INEOS to reach this resolution,” said Jeffry N. Quinn, chairman and chief executive officer of Tronox. “We look forward to getting to the business of creating value for our shareholders, serving the needs of our global customers and creating opportunities for our employees.”

TROX has a gross margin of 27.40% and an operating margin of 9.30% while its profit margin remained -0.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained 99.40% for this year while earning per share for the next 5-years is expected to reach at 10.00%.

The company has 123.03M of outstanding shares and 92.17M shares were floated in the market. According to the most recent quarter its current ratio was 8.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of 12.83% from the mean of 20 days, 24.86% from mean of 50 days SMA and performed 14.31% from mean of 200 days price. Company’s performance for the week was 5.34%, 15.70% for month and YTD performance remained 79.95%. It spotted trading -30.85% off 52-week high price. On the other end, the stock has been noted 125.23% away from the low price over the last 52-weeks. The stock transacted 2534284 shares during most recent day however it has an average volume of 1277.03K shares.

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