POSCO (NYSE:PKX) Sees Unusually-High Trading Volume - Time to Buy?

POSCO Holdings Inc. (NYSE:PKX - Get Free Report) shares saw strong trading volume on Wednesday . 87,278 shares changed hands during mid-day trading, a decline of 32% from the previous session's volume of 127,617 shares.The stock last traded at $63.57 and had previously closed at $63.33.

POSCO Trading Up 0.6 %

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. The stock has a market capitalization of $19.33 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 0.55 and a beta of 1.42. The business's 50-day moving average is $65.62 and its two-hundred day moving average is $68.11.

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

Hedge Funds Weigh In On POSCO

A number of large investors have recently modified their holdings of PKX. GAMMA Investing LLC grew its position 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 buying an additional 141 shares during the period. DMC Group LLC increased its stake in POSCO by 1.5% in the 2nd quarter. DMC Group LLC now owns 11,111 shares of the basic materials company's stock valued at $730,000 after purchasing an additional 167 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in POSCO by 1.8% during the second quarter. Sequoia Financial Advisors LLC now owns 10,470 shares of the basic materials company's stock worth $688,000 after purchasing an additional 183 shares in the last quarter. Confluence Investment Management LLC grew its holdings in POSCO by 3.0% in the second quarter. Confluence Investment Management LLC now owns 6,420 shares of the basic materials company's stock valued at $422,000 after purchasing an additional 185 shares during the last quarter. Finally, Ameritas Advisory Services LLC increased its position in shares of POSCO by 7.9% in the second quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company's stock valued at $268,000 after buying an additional 298 shares in the last quarter.

About POSCO

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.