POSCO (NYSE:PKX) Sees Unusually-High Trading Volume – Here’s Why

POSCO Holdings Inc. (NYSE:PKX) saw unusually-high trading volume on Monday . Approximately 567,482 shares traded hands during mid-day trading, an increase of 174% from the previous session’s volume of 206,929 shares.The stock last traded at $51.77 and had previously closed at $51.93.

Wall Street Analyst Weigh In

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

POSCO Price Performance

The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.24. The company has a market cap of $15.70 billion, a PE ratio of 23.72, a P/E/G ratio of 2.14 and a beta of 1.40. The firm has a 50 day moving average of $46.80 and a two-hundred day moving average of $53.08.

Hedge Funds Weigh In On POSCO

A number of hedge funds have recently bought and sold shares of PKX. Victory Capital Management Inc. raised its holdings in POSCO by 40.6% in the third quarter. Victory Capital Management Inc. now owns 19,863 shares of the basic materials company’s stock worth $1,390,000 after buying an additional 5,731 shares during the last quarter. Natixis Advisors LLC raised its holdings in POSCO by 17.1% in the 3rd quarter. Natixis Advisors LLC now owns 26,599 shares of the basic materials company’s stock worth $1,862,000 after acquiring an additional 3,884 shares during the last quarter. Cerity Partners LLC lifted its position in POSCO by 16.0% in the 3rd quarter. Cerity Partners LLC now owns 15,459 shares of the basic materials company’s stock valued at $1,082,000 after acquiring an additional 2,138 shares in the last quarter. FMR LLC boosted its stake in POSCO by 53.4% during the 3rd quarter. FMR LLC now owns 18,285 shares of the basic materials company’s stock valued at $1,280,000 after purchasing an additional 6,368 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of 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.

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.