POSCO Holdings Inc. (NYSE:PKX - Get Free Report)'s stock price gapped down before the market opened on Friday . The stock had previously closed at $55.32, but opened at $53.05. POSCO shares last traded at $51.98, with a volume of 424,436 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com cut POSCO from a "buy" rating to a "hold" rating in a report on Thursday, January 2nd.
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POSCO Stock Down 0.6 %
The firm has a market capitalization of $15.70 billion, a PE ratio of 23.72, a P/E/G ratio of 2.14 and a beta of 1.40. The company has a quick ratio of 1.35, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The firm's 50 day moving average price is $46.80 and its two-hundred day moving average price is $53.08.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. 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 last quarter. Athos Capital Ltd acquired a new stake in shares of POSCO during the third quarter worth approximately $11,373,000. Janus Henderson Group PLC bought a new stake in shares of POSCO in the third quarter worth $3,497,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in POSCO by 19.7% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company's stock valued at $16,672,000 after acquiring an additional 63,336 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake 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 acquiring an additional 61,528 shares during the last quarter.
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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