POSCO (NYSE:PKX) Sets New 12-Month Low – Here’s What Happened

POSCO Holdings Inc. (NYSE:PKX) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $40.30 and last traded at $40.28, with a volume of 104567 shares changing hands. The stock had previously closed at $41.31.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded POSCO from a “buy” rating to a “hold” rating in a research report on Thursday, January 2nd.

POSCO Stock Performance

The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 1.93 and a beta of 1.39. The stock’s fifty day moving average is $44.81 and its two-hundred day moving average is $56.16. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.23.

Institutional Investors Weigh In On POSCO

A number of large investors have recently added to or reduced their stakes in PKX. Athos Capital Ltd bought a new stake in shares of POSCO in the third quarter valued at about $11,373,000. Maven Securities LTD acquired a new stake in POSCO during the third quarter worth about $10,191,000. Jane Street Group LLC boosted its holdings in shares of POSCO by 2,229.6% in the 3rd quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock valued at $5,610,000 after purchasing an additional 76,719 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of POSCO by 19.7% in the 4th 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 purchasing an additional 63,336 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of POSCO by 32.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock worth $17,711,000 after buying an additional 61,528 shares in the last quarter.

POSCO Company Profile

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.