POSCO (NYSE:PKX) Sets New 12-Month Low – Here’s Why

POSCO Holdings Inc. (NYSE:PKX)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $44.83 and last traded at $44.94, with a volume of 346314 shares traded. The stock had previously closed at $45.73.

Wall Street Analyst Weigh In

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

POSCO Stock Performance

The firm’s fifty day moving average is $55.89 and its 200 day moving average is $62.52. The firm has a market capitalization of $13.58 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 0.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45.

Hedge Funds Weigh In On POSCO

Institutional investors and hedge funds have recently modified their holdings of the stock. Athos Capital Ltd acquired a new stake in POSCO in the third quarter valued at approximately $11,373,000. Maven Securities LTD bought a new position in POSCO in the 3rd quarter worth $10,191,000. Jane Street Group LLC lifted its position in POSCO by 2,229.6% during the 3rd quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock worth $5,610,000 after acquiring an additional 76,719 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in POSCO by 32.1% during the third quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock valued at $17,711,000 after acquiring an additional 61,528 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in shares of POSCO in the third quarter valued at about $3,497,000.

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.