POSCO (NYSE:PKX) Sees Large Volume Increase

POSCO Holdings Inc. (NYSE:PKX) shares saw unusually-high trading volume on Monday . Approximately 105,948 shares were traded during mid-day trading, an increase of 0% from the previous session’s volume of 105,662 shares.The stock last traded at $71.06 and had previously closed at $73.23.

POSCO Stock Performance

The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. The company has a market cap of $21.19 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 0.57 and a beta of 1.42. The company has a 50 day moving average price of $64.56 and a 200-day moving average price of $69.13.

POSCO (NYSE:PKX) last issued its earnings results on Thursday, July 25th. The basic materials company reported $1.14 EPS for the quarter. The firm had revenue of $13.50 billion during the quarter. POSCO had a return on equity of 2.27% and a net margin of 1.91%. On average, equities analysts expect that POSCO Holdings Inc. will post 4.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On POSCO

A number of hedge funds have recently modified their holdings of PKX. GAMMA Investing LLC grew its stake in POSCO by 50.7% during the first quarter. GAMMA Investing LLC now owns 419 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 141 shares during the period. US Bancorp DE raised its position in shares of POSCO by 1.4% during the fourth quarter. US Bancorp DE now owns 10,700 shares of the basic materials company’s stock worth $1,018,000 after purchasing an additional 149 shares during the period. DMC Group LLC grew its position in POSCO by 1.5% in the 2nd quarter. DMC Group LLC now owns 11,111 shares of the basic materials company’s stock valued at $730,000 after purchasing an additional 167 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of POSCO by 1.8% during the second quarter. Sequoia Financial Advisors LLC now owns 10,470 shares of the basic materials company’s stock worth $688,000 after acquiring an additional 183 shares in the last quarter. Finally, Confluence Investment Management LLC increased its holdings in POSCO by 3.0% during the second quarter. Confluence Investment Management LLC now owns 6,420 shares of the basic materials company’s stock worth $422,000 after buying an additional 185 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.