POSCO Holdings Inc. (NYSE:PKX - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $42.66 and last traded at $42.92, with a volume of 36603 shares traded. The stock had previously closed at $43.36.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of POSCO from a "buy" rating to a "hold" rating in a research report on Thursday.
Read Our Latest Stock Analysis on PKX
POSCO Price Performance
The company has a market cap of $12.92 billion, a P/E ratio of 14.93, a P/E/G ratio of 0.58 and a beta of 1.38. The stock has a 50-day simple moving average of $51.15 and a 200 day simple moving average of $60.58. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03.
Institutional Investors Weigh In On POSCO
Several institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC lifted its holdings in shares of POSCO by 16.3% during the 3rd quarter. CWM LLC now owns 2,331 shares of the basic materials company's stock worth $163,000 after acquiring an additional 327 shares during the period. PDS Planning Inc lifted its stake in POSCO by 11.4% during the third quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company's stock worth $284,000 after purchasing an additional 416 shares during the period. Profund Advisors LLC boosted its holdings in POSCO by 5.0% during the second quarter. Profund Advisors LLC now owns 9,174 shares of the basic materials company's stock valued at $603,000 after purchasing an additional 435 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of POSCO by 138.0% in the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company's stock valued at $61,000 after purchasing an additional 505 shares during the period. Finally, Ballentine Partners LLC lifted its position in shares of POSCO by 9.6% during the 3rd quarter. Ballentine Partners LLC now owns 6,710 shares of the basic materials company's stock worth $470,000 after buying an additional 588 shares during the period.
About POSCO
(
Get Free Report)
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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