POSCO (NYSE:PKX) Hits New 1-Year Low – What’s Next?

POSCO Holdings Inc. (NYSE:PKX)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $42.66 and last traded at $42.92, with a volume of 36603 shares. The stock had previously closed at $43.36.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of POSCO from a “buy” rating to a “hold” rating in a research note on Thursday.

POSCO Stock Up 3.9 %

The firm has a market capitalization of $13.43 billion, a P/E ratio of 15.52, a P/E/G ratio of 0.58 and a beta of 1.40. The company has a fifty day simple moving average of $51.15 and a 200 day simple moving average of $60.58. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27.

Institutional Trading of POSCO

Institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in shares of POSCO by 2,229.6% during the third quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock valued at $5,610,000 after buying an additional 76,719 shares during the last quarter. Athos Capital Ltd bought a new position in POSCO in the 3rd quarter valued at approximately $11,373,000. Janus Henderson Group PLC purchased a new stake in POSCO during the 3rd quarter valued at $3,497,000. Seven Grand Managers LLC bought a new stake in shares of POSCO in the 3rd quarter worth $1,750,000. Finally, Creative Planning raised its stake in shares of POSCO by 36.8% in the third quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock worth $3,766,000 after purchasing an additional 14,485 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.