POSCO Holdings Inc. (NYSE:PKX - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $53.32, but opened at $55.90. POSCO shares last traded at $56.02, with a volume of 136,348 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of POSCO from a "buy" rating to a "hold" rating in a report on Thursday, January 2nd.
Read Our Latest Stock Report on POSCO
POSCO Stock Performance
The company has a market capitalization of $15.76 billion, a PE ratio of 23.83, a P/E/G ratio of 2.14 and a beta of 1.40. The stock has a 50-day simple moving average of $46.51 and a 200 day simple moving average of $53.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35.
Hedge Funds Weigh In On POSCO
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PKX. Parvin Asset Management LLC acquired a new position in shares of POSCO during the 4th quarter worth approximately $29,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in POSCO during the 4th quarter worth about $41,000. R Squared Ltd purchased a new position in POSCO in the 4th quarter valued at about $46,000. Wilmington Savings Fund Society FSB lifted its holdings in POSCO by 5,312.5% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company's stock valued at $94,000 after purchasing an additional 2,125 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of POSCO by 49.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock valued at $97,000 after buying an additional 735 shares during the last quarter.
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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