POSCO (NYSE:PKX) Trading Up 5.4% – Time to Buy?

Shares of POSCO Holdings Inc. (NYSE:PKX) traded up 5.4% during trading on Friday . The company traded as high as $54.14 and last traded at $53.40. 48,951 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 187,466 shares. The stock had previously closed at $50.66.

Wall Street Analyst Weigh In

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

POSCO Stock Performance

The stock’s 50 day moving average is $44.57 and its two-hundred day moving average is $54.19. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35. The firm has a market capitalization of $16.03 billion, a P/E ratio of 24.19, a P/E/G ratio of 2.14 and a beta of 1.39.

Institutional Trading of POSCO

Several institutional investors and hedge funds have recently added to or reduced their stakes in PKX. Parvin Asset Management LLC bought a new stake in shares of POSCO during the 4th quarter worth about $29,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of POSCO during the 4th quarter worth approximately $41,000. R Squared Ltd acquired a new stake in shares of POSCO in the 4th quarter valued at $46,000. Wilmington Savings Fund Society FSB increased its position in POSCO by 5,312.5% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock worth $94,000 after purchasing an additional 2,125 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings in POSCO by 49.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock worth $97,000 after purchasing an additional 735 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.