Shares of POSCO Holdings Inc. (NYSE:PKX - Get Free Report) saw strong trading volume on Friday . 218,223 shares were traded during trading, an increase of 30% from the previous session's volume of 167,436 shares.The stock last traded at $44.88 and had previously closed at $45.12.
Analyst Ratings Changes
Separately, StockNews.com lowered POSCO from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th.
Get Our Latest Stock Analysis on POSCO
POSCO Stock Up 0.1 %
The stock has a fifty day simple moving average of $54.95 and a two-hundred day simple moving average of $62.27. The firm has a market cap of $13.70 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 0.58 and a beta of 1.38. 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 institutional investors and hedge funds have recently made changes to their positions in the business. Athos Capital Ltd purchased a new stake in POSCO in the third quarter valued at approximately $11,373,000. Maven Securities LTD purchased a new stake in shares of POSCO during the 3rd quarter valued at $10,191,000. Jane Street Group LLC lifted its holdings in shares of 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 acquiring an additional 76,719 shares during the last quarter. BNP Paribas Financial Markets grew its position in POSCO by 32.1% in the third quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company's stock worth $17,711,000 after acquiring an additional 61,528 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in POSCO in the third quarter valued at $3,497,000.
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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