POSCO (NYSE:PKX) Sees Large Volume Increase – What’s Next?

POSCO Holdings Inc. (NYSE:PKX) shares saw an uptick in trading volume on Monday . 567,482 shares traded hands during trading, an increase of 174% from the previous session’s volume of 206,929 shares.The stock last traded at $51.77 and had previously closed at $51.93.

Analyst Upgrades and Downgrades

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

POSCO Stock Up 0.0 %

The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35. The firm’s 50-day simple moving average is $46.51 and its two-hundred day simple moving average is $53.22. The company has a market capitalization of $15.77 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.40.

Institutional Trading of POSCO

Large investors have recently modified their holdings of the business. Parvin Asset Management LLC purchased a new position in shares of POSCO during the fourth quarter valued at approximately $29,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of POSCO during the fourth quarter valued at approximately $41,000. R Squared Ltd purchased a new position in shares of POSCO during the fourth quarter valued at approximately $46,000. Wilmington Savings Fund Society FSB lifted its stake in shares of 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 buying an additional 2,125 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in shares of POSCO by 49.2% during 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 period.

About POSCO

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.