POSCO Holdings Inc. (NYSE:PKX - Get Free Report) shares saw an uptick in trading volume on Friday . 84,064 shares changed hands during mid-day trading, a decline of 41% from the previous session's volume of 141,653 shares.The stock last traded at $49.90 and had previously closed at $52.38.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of POSCO from a "hold" rating to a "buy" rating in a research note on Tuesday.
Read Our Latest Stock Analysis on POSCO
POSCO Stock Performance
The company has a market cap of $15.08 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 0.64 and a beta of 1.44. The stock's fifty day simple moving average is $64.41 and its 200 day simple moving average is $66.23. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27.
Institutional Investors Weigh In On POSCO
A number of hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in POSCO during the third quarter worth $2,082,000. Jane Street Group LLC increased its holdings in POSCO by 2,229.6% during the 3rd quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company's stock worth $5,610,000 after purchasing an additional 76,719 shares during the period. State Street Corp raised its position in POSCO by 1.6% in the 3rd quarter. State Street Corp now owns 781,503 shares of the basic materials company's stock valued at $54,697,000 after purchasing an additional 12,193 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of POSCO by 73.2% in the 3rd quarter. Quantinno Capital Management LP now owns 16,792 shares of the basic materials company's stock valued at $1,175,000 after buying an additional 7,095 shares during the period. Finally, Recurrent Investment Advisors LLC increased its stake in shares of POSCO by 46.1% during the third quarter. Recurrent Investment Advisors LLC now owns 14,002 shares of the basic materials company's stock worth $980,000 after buying an additional 4,415 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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