What Next for Tronox Ltd Stock After Reaching 52-Week Low?

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The stock of Tronox Ltd (NYSE:TROX) hit a new 52-week low and has $3.51 target or 12.00% below today’s $3.99 share price. The 8 months bearish chart indicates high risk for the $275.49M company. The 1-year low was reported on Dec, 12 by Barchart.com. If the $3.51 price target is reached, the company will be worth $33.06M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 6.56% or $0.28 on December 11, hitting $3.99. About 2.22M shares traded hands or 85.00% up from the average. Tronox Ltd (NYSE:TROX) has declined 77.85% since May 11, 2015 and is downtrending. It has underperformed by 73.43% the S&P500.

According to Zacks Investment Research, “Tronox Incorporated is a producer and marketer of titanium products. Products offered by the Company includes: titanium ore and titanium dioxide (TiO2); mineral sands products; and electrolytic and speciality chemicals. Titanium products offered by Tronox find its application in paints, coatings and plastics. The electrolytic and specialty chemicals find s application in the paper and battery industries. Tronox’s mineral sands operations consist of two product streams - titanium feedstock, which includes ilmenite, natural rutile, titanium slag and synthetic rutile; and zircon, which is contained in the mineral sands extracted to capture natural titanium feedstock. Tronox operates three separate mining operations: KZN Sands and Namakwa Sands located in South Africa and Perth in Western Australia. Production of electrolytic and specialty chemicals is carried out in United States. Tronox Incorporated is based in Oklahoma City, Oklahoma.” Get a free copy of the Zacks research report on Tronox Ltd (TROX).

The institutional sentiment decreased to 0.96 in Q3 2015. Its down 0.21, from 1.17 in 2015Q2. The ratio fall, as 34 funds sold all Tronox Ltd shares owned while 34 reduced positions. 16 funds bought stakes while 49 increased positions. They now own 56.76 million shares or 2.21% less from 58.05 million shares in 2015Q2.

Fine Capital Partners L.P. holds 2.8% of its portfolio in Tronox Ltd for 6.51 million shares. Lasry Marc owns 1.79 million shares or 1.25% of their US portfolio. Moreover, Credit Capital Investments Llc has 1.16% invested in the company for 395,762 shares. The Florida-based Private Capital Management Llc has invested 1.14% in the stock. Lapides Asset Management Llc, a Connecticut-based fund reported 943,800 shares.

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