Koninklijke Philips (PHG) Eyeing Potential in Corindus Vascular Robotics (CVRS); Kronos Worldwide (KRO) Posts Profits
Corindus Vascular Robotics Inc. (NYSEMKT:CVRS) shares surged over 10% in the extended session Friday after health technology giant Koninklijke Philips N.V. (NYSE:PHG) disclosed in a regulatory filing ( SC 13D ) with the Securities and Exchange Commission (SEC) a 15.5% stake (29,693,444 shares) in the company.
CVRS stock closed at $1.08, up $0.03 (or +2.86%) and 1.23M of its shares changed hands during the day.
Corindus Vascular Robotics, which designs, manufactures and sells precision vascular robotic-assisted systems for use in interventional vascular procedures, has 119.03M shares outstanding, market capitalization (intraday) of $123.83M and CVRS stock 52-week range is between $0.40 and $1.80 per share.
Shares of Kronos Worldwide, Inc. (NYSE:KRO) climbed more than 5% in after-hours trading Friday as the company delivered robust profit growth in its quarterly financial results.
For the fourth quarter 2016, Kronos posted net sales of $333.7 million, a 16.27% increase year over year, and net income of $23.2 million, or $0.20 per share versus a net loss of ($20.4) million, or ($0.18) per share in the same period the prior year.
KRO finished the regular session at $13.97, down $0.03 (or -0.21%) with a total volume of 499,664 shares traded.
Kronos Worldwide, which produces and markets titanium dioxide pigments (TiO2) worldwide, has 115.89M shares outstanding, market capitalization (intraday) of $1.62B and KRO stock one-year range is from $4.70 to $15.80 per share.
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