Woori Financial Group (NYSE:WF) Stock Price Down 3.5% – Time to Sell?

Woori Financial Group Inc. (NYSE:WF) shares dropped 3.5% on Monday . The company traded as low as $32.50 and last traded at $32.98. Approximately 40,802 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 59,327 shares. The stock had previously closed at $34.19.

Woori Financial Group Trading Down 3.7 %

The business has a 50 day moving average of $35.26 and a two-hundred day moving average of $34.15. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.87. The firm has a market cap of $8.15 billion, a P/E ratio of 4.28, a PEG ratio of 0.36 and a beta of 1.07.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Woori Financial Group in the 3rd quarter valued at $60,000. Venturi Wealth Management LLC increased its holdings in shares of Woori Financial Group by 2,018.3% during the third quarter. Venturi Wealth Management LLC now owns 2,203 shares of the bank’s stock worth $79,000 after purchasing an additional 2,099 shares during the period. GAMMA Investing LLC raised its position in shares of Woori Financial Group by 61.1% in the third quarter. GAMMA Investing LLC now owns 2,739 shares of the bank’s stock valued at $98,000 after buying an additional 1,039 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Woori Financial Group in the third quarter valued at approximately $193,000. Finally, Franklin Resources Inc. acquired a new stake in Woori Financial Group during the third quarter worth approximately $209,000. 3.41% of the stock is owned by institutional investors and hedge funds.

About Woori Financial Group

Woori Financial Group Inc, a financial holding company, operates as a commercial bank that provides a range of financial products and services to individuals, corporations, and small- and medium-sized enterprises in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments.