POSCO Holdings Inc. (NYSE:PKX - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $43.66 and last traded at $43.66, with a volume of 5123 shares trading hands. The stock had previously closed at $45.47.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised POSCO from a "hold" rating to a "buy" rating in a research note on Wednesday.
Check Out Our Latest Research Report on PKX
POSCO Stock Performance
The company has a market cap of $13.26 billion, a P/E ratio of 15.33, a P/E/G ratio of 0.58 and a beta of 1.38. The business has a fifty day moving average of $52.98 and a 200 day moving average of $61.45. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27.
Institutional Investors Weigh In On POSCO
Several institutional investors and hedge funds have recently modified their holdings of PKX. Allspring Global Investments Holdings LLC purchased a new stake in POSCO in the third quarter worth about $49,000. GAMMA Investing LLC boosted its position in shares of POSCO by 138.0% during the third 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 in the last quarter. CWM LLC grew its stake in POSCO by 16.3% in the third quarter. CWM LLC now owns 2,331 shares of the basic materials company's stock worth $163,000 after purchasing an additional 327 shares during the period. Choreo LLC bought a new position in POSCO in the second quarter worth $221,000. Finally, Ameritas Advisory Services LLC boosted its holdings in shares of POSCO by 7.9% during the 2nd 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
(
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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