POSCO Holdings Inc. (NYSE:PKX - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $53.60, but opened at $51.05. POSCO shares last traded at $51.00, with a volume of 33,502 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded POSCO from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th.
View Our Latest Report on PKX
POSCO Stock Performance
The company's 50-day moving average price is $61.46 and its 200 day moving average price is $64.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. The stock has a market capitalization of $15.67 billion, a PE ratio of 18.11, a PEG ratio of 0.66 and a beta of 1.44.
Institutional Investors Weigh In On POSCO
Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new position in POSCO during the 3rd quarter valued at about $49,000. GAMMA Investing LLC lifted its position in POSCO by 138.0% during the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company's stock valued at $61,000 after acquiring an additional 505 shares during the period. CWM LLC lifted its position in POSCO by 22.9% during the 2nd quarter. CWM LLC now owns 2,004 shares of the basic materials company's stock valued at $132,000 after acquiring an additional 373 shares during the period. Choreo LLC purchased a new position in POSCO during the 2nd quarter valued at about $221,000. Finally, Ameritas Advisory Services LLC lifted its position in 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 acquiring an additional 298 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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