POSCO (NYSE:PKX) Sees Strong Trading Volume – Here’s What Happened

POSCO Holdings Inc. (NYSE:PKX) shares saw strong trading volume on Friday . 218,223 shares were traded during trading, an increase of 30% from the previous session’s volume of 167,436 shares.The stock last traded at $44.88 and had previously closed at $45.12.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered POSCO from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

POSCO Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. The stock has a market cap of $13.75 billion, a price-to-earnings ratio of 15.90, a P/E/G ratio of 0.58 and a beta of 1.38. The business has a fifty day moving average of $54.95 and a 200 day moving average of $62.27.

Institutional Investors Weigh In On POSCO

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new stake in shares of POSCO during the 3rd quarter worth $49,000. GAMMA Investing LLC grew its position in shares of POSCO by 138.0% in the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 505 shares during the last quarter. CWM LLC increased its stake in shares of POSCO by 16.3% in the third quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock worth $163,000 after purchasing an additional 327 shares during the period. Choreo LLC acquired a new stake in POSCO in the 2nd quarter valued at approximately $221,000. Finally, PDS Planning Inc lifted its holdings in shares of POSCO by 11.4% during the third quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company’s stock worth $284,000 after buying an additional 416 shares during the last quarter.

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.