Somewhat Positive Media Coverage Somewhat Unlikely to Impact Tronox (TROX) Share Price
Headlines about Tronox (NYSE:TROX) have trended somewhat positive recently, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tronox earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.1657361155649 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
TROX has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on Tronox in a research note on Tuesday, October 24th. They set an “overweight” rating and a $30.00 target price for the company. ValuEngine downgraded Tronox from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th.
Tronox (NYSE:TROX) opened at $19.46 on Wednesday. The company has a debt-to-equity ratio of 3.45, a quick ratio of 6.91 and a current ratio of 8.44. Tronox has a one year low of $12.88 and a one year high of $28.40. The company has a market capitalization of $2,295.00, a P/E ratio of -13.90 and a beta of 3.29.
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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.
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