POSCO (NYSE:PKX) Sees Large Volume Increase - Time to Buy?

POSCO Holdings Inc. (NYSE:PKX - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 179,482 shares were traded during mid-day trading, an increase of 44% from the previous session's volume of 124,989 shares.The stock last traded at $67.76 and had previously closed at $68.89.

POSCO Trading Down 1.2 %

The stock has a market cap of $20.67 billion, a P/E ratio of 17.88, a PEG ratio of 0.55 and a beta of 1.42. The business's 50 day simple moving average is $65.27 and its 200 day simple moving average is $68.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45.

POSCO (NYSE:PKX - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.14 EPS for the quarter. The business had revenue of $13.50 billion for the quarter. POSCO had a return on equity of 2.27% and a net margin of 1.91%. On average, analysts expect that POSCO Holdings Inc. will post 4.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On POSCO

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC raised its position in POSCO by 16.3% in the 3rd quarter. CWM LLC now owns 2,331 shares of the basic materials company's stock valued at $163,000 after purchasing an additional 327 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of POSCO by 138.0% in the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company's stock valued at $61,000 after buying an additional 505 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of POSCO by 43,007.1% in the second quarter. Cubist Systematic Strategies LLC now owns 6,035 shares of the basic materials company's stock valued at $397,000 after buying an additional 6,021 shares during the last quarter. Creative Planning increased its position in POSCO by 2.3% in the 2nd quarter. Creative Planning now owns 39,316 shares of the basic materials company's stock valued at $2,585,000 after acquiring an additional 899 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of POSCO by 15.6% in the second quarter. Marshall Wace LLP now owns 39,337 shares of the basic materials company's stock worth $2,586,000 after acquiring an additional 5,295 shares during the last quarter.

POSCO Company Profile

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.