POSCO (NYSE:PKX) Reaches New 12-Month Low – What’s Next?

Shares of POSCO Holdings Inc. (NYSE:PKX) reached a new 52-week low during trading on Monday . The company traded as low as $41.44 and last traded at $41.44, with a volume of 149588 shares. The stock had previously closed at $44.52.

Wall Street Analysts Forecast Growth

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

POSCO Stock Up 0.5 %

The company has a market cap of $12.67 billion, a P/E ratio of 14.64, a P/E/G ratio of 0.40 and a beta of 1.39. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $45.92 and a 200 day simple moving average of $56.99.

Hedge Funds Weigh In On POSCO

A number of hedge funds have recently added to or reduced their stakes in the stock. Athos Capital Ltd bought a new stake in shares of POSCO during the third quarter valued at approximately $11,373,000. Maven Securities LTD bought a new stake in POSCO during the 3rd quarter valued at $10,191,000. Jane Street Group LLC lifted 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 worth $5,610,000 after buying an additional 76,719 shares during the period. BNP Paribas Financial Markets grew its position 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. Finally, Janus Henderson Group PLC bought a new stake in shares of POSCO in the third quarter valued at about $3,497,000.

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.