POSCO Holdings Inc. (NYSE:PKX – Get Rating) shares hit a new 52-week low during trading on Friday . The company traded as low as $40.70 and last traded at $40.70, with a volume of 1210 shares traded. The stock had previously closed at $42.03.
Wall Street Analyst Weigh In
Separately, TheStreet lowered POSCO from a “b-” rating to a “c+” rating in a research note on Monday, July 11th.
POSCO Price Performance
The stock has a 50 day simple moving average of $45.47 and a two-hundred day simple moving average of $51.52. The firm has a market cap of $12.23 billion, a PE ratio of 2.12 and a beta of 1.00. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.33 and a current ratio of 2.02.
POSCO Cuts Dividend
Hedge Funds Weigh In On POSCO
Institutional investors and hedge funds have recently modified their holdings of the business. CWM LLC increased its stake in shares of POSCO by 97.8% in the 1st quarter. CWM LLC now owns 455 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 225 shares in the last quarter. Glassman Wealth Services increased its stake in POSCO by 63.6% during the 1st quarter. Glassman Wealth Services now owns 535 shares of the basic materials company’s stock worth $32,000 after buying an additional 208 shares in the last quarter. Ronald Blue Trust Inc. purchased a new stake in POSCO during the 2nd quarter worth approximately $32,000. Captrust Financial Advisors increased its stake in POSCO by 56.5% during the 1st quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company’s stock worth $33,000 after buying an additional 201 shares in the last quarter. Finally, Group One Trading L.P. purchased a new stake in POSCO during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 3.56% of the company’s stock.
POSCO Company Profile
POSCO Holdings Inc, together with its subsidiaries, manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized sheets, electrical steel, stainless steel, and titanium.
- Get a free copy of the StockNews.com research report on POSCO (PKX)
- Why Does Tesla Stock Remain Resilient?
- Are Layoffs At A Small-Cap Tech A Bellwether For Housing Stocks?
- 2 Semiconductor Stocks To Watch For Reversals
- Is Costco’s Post-Earnings Price Weakness A Good Time To Buy?
- Will Crowdstrike Get A Boost From Increased EPS Guidance?
Receive News & Ratings for POSCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for POSCO and related companies with MarketBeat.com's FREE daily email newsletter.