POSCO Holdings Inc. (NYSE:PKX - Get Free Report)'s stock price traded up 5.4% during mid-day trading on Friday . The stock traded as high as $54.14 and last traded at $53.40. 48,951 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 187,466 shares. The stock had previously closed at $50.66.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered POSCO from a "buy" rating to a "hold" rating in a research note on Thursday, January 2nd.
Get Our Latest Stock Report on POSCO
POSCO Trading Down 1.8 %
The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.93. The company has a market capitalization of $15.40 billion, a P/E ratio of 23.28, a P/E/G ratio of 2.14 and a beta of 1.40. The company has a 50-day simple moving average of $45.09 and a 200 day simple moving average of $53.85.
Hedge Funds Weigh In On POSCO
Several large investors have recently bought and sold shares of PKX. Parvin Asset Management LLC acquired a new stake in POSCO in the 4th quarter worth $29,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in POSCO during the fourth quarter worth about $41,000. R Squared Ltd bought a new position in POSCO during the fourth quarter valued at about $46,000. Wilmington Savings Fund Society FSB increased its stake in POSCO by 5,312.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company's stock valued at $94,000 after acquiring an additional 2,125 shares during the period. Finally, Avior Wealth Management LLC raised its holdings in POSCO by 49.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company's stock valued at $97,000 after acquiring an additional 735 shares in the last quarter.
About POSCO
(
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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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