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

POSCO Holdings Inc. (NYSE:PKX)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $43.66 and last traded at $43.66, with a volume of 5123 shares trading hands. The stock had previously closed at $45.47.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded POSCO from a “hold” rating to a “buy” rating in a report on Wednesday.

POSCO Stock Performance

The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27. The company has a market cap of $13.16 billion, a P/E ratio of 15.22, a P/E/G ratio of 0.58 and a beta of 1.38. The business has a fifty day moving average of $52.58 and a 200 day moving average of $61.28.

Hedge Funds Weigh In On POSCO

A number of hedge funds and other institutional investors have recently made changes to their positions in PKX. Ameritas Advisory Services LLC raised its holdings in POSCO by 7.9% in the second quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock worth $268,000 after purchasing an additional 298 shares in the last quarter. CWM LLC raised its holdings in 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 in the last quarter. PDS Planning Inc raised its holdings in POSCO by 11.4% in the third quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company’s stock worth $284,000 after purchasing an additional 416 shares in the last quarter. Profund Advisors LLC raised its holdings in POSCO by 5.0% in the second quarter. Profund Advisors LLC now owns 9,174 shares of the basic materials company’s stock worth $603,000 after purchasing an additional 435 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in POSCO by 138.0% in the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 505 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.