POSCO (NYSE:PKX) Sets New 12-Month Low – Should You Sell?

POSCO Holdings Inc. (NYSE:PKX) reached a new 52-week low on Tuesday . The stock traded as low as $53.86 and last traded at $53.89, with a volume of 18862 shares changing hands. The stock had previously closed at $55.46.

Analyst Upgrades and Downgrades

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

POSCO Price Performance

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 capitalization of $16.30 billion, a P/E ratio of 19.46, a P/E/G ratio of 0.70 and a beta of 1.44. The firm has a fifty day moving average of $65.12 and a two-hundred day moving average of $66.55.

Hedge Funds Weigh In On POSCO

Institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new position in shares of POSCO during the 1st quarter worth approximately $27,000. Allspring Global Investments Holdings LLC purchased a new position in POSCO in the 3rd quarter valued at $49,000. GAMMA Investing LLC boosted its stake in POSCO by 138.0% during the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 505 shares during the last quarter. Advisors Preferred LLC purchased a new stake in shares of POSCO during the first quarter worth $107,000. Finally, CWM LLC boosted its position in POSCO by 22.9% during the second quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock worth $132,000 after acquiring an additional 373 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.