POSCO Holdings Inc. (NYSE:PKX - Get Free Report) saw strong trading volume on Monday . Approximately 567,482 shares changed hands during trading, an increase of 174% from the previous session's volume of 206,929 shares.The stock last traded at $51.77 and had previously closed at $51.93.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of POSCO from a "buy" rating to a "hold" rating in a research report on Thursday, January 2nd.
Read Our Latest Stock Report on PKX
POSCO Stock Down 4.2 %
The stock has a fifty day moving average price of $47.05 and a 200-day moving average price of $53.05. The firm has a market cap of $14.74 billion, a PE ratio of 22.28, a PEG ratio of 2.14 and a beta of 1.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93.
Institutional Trading of POSCO
Several large investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC lifted its position in POSCO by 16.0% during the 3rd quarter. Cerity Partners LLC now owns 15,459 shares of the basic materials company's stock worth $1,082,000 after acquiring an additional 2,138 shares in the last quarter. FMR LLC boosted its stake in shares of POSCO by 53.4% in the third quarter. FMR LLC now owns 18,285 shares of the basic materials company's stock valued at $1,280,000 after purchasing an additional 6,368 shares during the period. BNP Paribas Financial Markets grew its holdings in POSCO by 32.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company's stock valued at $17,711,000 after purchasing an additional 61,528 shares in the last quarter. Athos Capital Ltd purchased a new stake in POSCO during the 3rd quarter worth $11,373,000. Finally, Centiva Capital LP purchased a new position in POSCO in the 3rd quarter valued at about $463,000.
POSCO Company Profile
(
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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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