POSCO (NYSE:PKX) Sets New 1-Year Low – Here’s What Happened

Shares of POSCO Holdings Inc. (NYSE:PKX) reached a new 52-week low on Tuesday . The company traded as low as $46.76 and last traded at $47.03, with a volume of 38127 shares trading hands. The stock had previously closed at $49.95.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut POSCO from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

POSCO Trading Down 6.2 %

The stock has a 50-day moving average price of $61.04 and a two-hundred day moving average price of $64.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. The stock has a market capitalization of $14.22 billion, a PE ratio of 16.44, a PEG ratio of 0.64 and a beta of 1.38.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its holdings in POSCO by 1.6% in the 3rd quarter. State Street Corp now owns 781,503 shares of the basic materials company’s stock worth $54,697,000 after purchasing an additional 12,193 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in POSCO by 32.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock worth $17,711,000 after purchasing an additional 61,528 shares in the last quarter. Athos Capital Ltd purchased a new position in POSCO in the 3rd quarter worth approximately $11,373,000. Maven Securities LTD purchased a new position in POSCO in the 3rd quarter worth approximately $10,191,000. Finally, Altrius Capital Management Inc lifted its holdings in POSCO by 15.9% in the 3rd quarter. Altrius Capital Management Inc now owns 122,467 shares of the basic materials company’s stock worth $8,571,000 after purchasing an additional 16,802 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.