POSCO (NYSE:PKX) Sees Strong Trading Volume – Here’s What Happened

POSCO Holdings Inc. (NYSE:PKX) saw an uptick in trading volume on Thursday . 146,517 shares traded hands during mid-day trading, an increase of 8% from the previous session’s volume of 135,580 shares.The stock last traded at $60.38 and had previously closed at $60.82.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of POSCO from a “buy” rating to a “hold” rating in a report on Saturday.

POSCO Trading Up 1.0 %

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. The stock has a market cap of $18.43 billion, a PE ratio of 21.31, a PEG ratio of 0.46 and a beta of 1.42. The company’s fifty day moving average is $65.74 and its 200-day moving average is $67.08.

Institutional Trading of POSCO

Several hedge funds and other institutional investors have recently bought and sold shares of PKX. Headlands Technologies LLC acquired a new stake in shares of POSCO during the 1st quarter worth approximately $27,000. Allspring Global Investments Holdings LLC purchased a new position in POSCO in the third quarter valued at $49,000. GAMMA Investing LLC raised its position in shares of POSCO by 138.0% in the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 505 shares during the period. Advisors Preferred LLC purchased a new stake in shares of POSCO during the 1st quarter worth about $107,000. Finally, CWM LLC grew its position in shares of POSCO by 22.9% during the 2nd quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock valued at $132,000 after acquiring an additional 373 shares during the period.

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.