POSCO Holdings Inc. (NYSE:PKX - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $40.30 and last traded at $40.28, with a volume of 104567 shares traded. The stock had previously closed at $41.31.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded POSCO from a "buy" rating to a "hold" rating in a report on Thursday, January 2nd.
Check Out Our Latest Analysis on PKX
POSCO Trading Down 0.4 %
The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.35 and a current ratio of 1.95. The company has a market capitalization of $12.98 billion, a PE ratio of 15.00, a P/E/G ratio of 1.93 and a beta of 1.39. The business has a fifty day moving average price of $44.33 and a 200 day moving average price of $55.63.
Institutional Investors Weigh In On POSCO
A number of large investors have recently modified their holdings of PKX. CWM LLC grew its stake in shares of POSCO by 16.3% in the third quarter. CWM LLC now owns 2,331 shares of the basic materials company's stock valued at $163,000 after buying an additional 327 shares in the last quarter. Creative Planning grew its stake in shares of POSCO by 36.8% in the third quarter. Creative Planning now owns 53,801 shares of the basic materials company's stock valued at $3,766,000 after buying an additional 14,485 shares in the last quarter. Blue Trust Inc. grew its stake in POSCO by 152.9% during the 3rd quarter. Blue Trust Inc. now owns 17,250 shares of the basic materials company's stock valued at $1,134,000 after purchasing an additional 10,428 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in POSCO during the 3rd quarter valued at approximately $49,000. Finally, Ballentine Partners LLC grew its stake in POSCO by 9.6% during the 3rd quarter. Ballentine Partners LLC now owns 6,710 shares of the basic materials company's stock valued at $470,000 after purchasing an additional 588 shares in the last quarter.
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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