Shares of POSCO Holdings Inc. (NYSE:PKX - Get Free Report) 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.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of POSCO from a "buy" rating to a "hold" rating in a research note on Thursday, January 2nd.
Check Out Our Latest Report on POSCO
POSCO Stock Performance
The stock's 50 day moving average is $46.51 and its two-hundred day moving average is $53.22. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.14 and a beta of 1.40. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. State Street Corp grew its position in shares of 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 acquiring an additional 12,193 shares during the period. Northern Trust Corp lifted its stake in POSCO by 157.0% in the 4th quarter. Northern Trust Corp now owns 429,264 shares of the basic materials company's stock valued at $18,613,000 after purchasing an additional 262,257 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in POSCO by 19.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company's stock worth $16,672,000 after purchasing an additional 63,336 shares during the period. American Century Companies Inc. increased its position in POSCO by 8.2% during the fourth quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company's stock worth $16,017,000 after buying an additional 28,124 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in POSCO by 0.5% in the fourth quarter. BNP Paribas Financial Markets now owns 254,219 shares of the basic materials company's stock valued at $11,023,000 after buying an additional 1,165 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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