POSCO Holdings Inc. (NYSE:PKX - Get Free Report)'s share price gapped down prior to trading on Tuesday . The stock had previously closed at $62.04, but opened at $60.06. POSCO shares last traded at $60.06, with a volume of 32,035 shares trading hands.
POSCO Price Performance
The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 0.48 and a beta of 1.42. The business's 50-day simple moving average is $65.90 and its two-hundred day simple moving average is $67.67.
POSCO (NYSE:PKX - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter. The firm had revenue of $13.50 billion during the quarter. POSCO had a net margin of 1.91% and a return on equity of 2.27%. Research analysts expect that POSCO Holdings Inc. will post 4.99 earnings per share for the current year.
Institutional Investors Weigh In On POSCO
Several hedge funds and other institutional investors have recently bought and sold shares of PKX. Headlands Technologies LLC acquired a new position in shares of POSCO during the first quarter valued at about $27,000. GAMMA Investing LLC boosted its holdings in POSCO by 50.7% during the first quarter. GAMMA Investing LLC now owns 419 shares of the basic materials company's stock worth $33,000 after purchasing an additional 141 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in POSCO during the third quarter worth about $49,000. Advisors Preferred LLC purchased a new position in POSCO during the first quarter worth about $107,000. Finally, CWM LLC boosted its holdings in POSCO by 25.4% during the first quarter. CWM LLC now owns 1,631 shares of the basic materials company's stock worth $128,000 after purchasing an additional 330 shares during the last quarter.
POSCO Company Profile
(
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POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.
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