POSCO (NYSE:PKX) Sets New 52-Week Low – Should You Sell?

POSCO Holdings Inc. (NYSE:PKX)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $53.86 and last traded at $53.89, with a volume of 18862 shares traded. The stock had previously closed at $55.46.

Analyst Ratings Changes

Separately, StockNews.com raised POSCO from a “hold” rating to a “buy” rating in a research note on Tuesday.

POSCO Stock Down 4.2 %

The company’s 50-day simple moving average is $64.90 and its 200 day simple moving average is $66.43. 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 firm has a market cap of $15.65 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 0.67 and a beta of 1.44.

Institutional Investors Weigh In On POSCO

Large investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in shares of POSCO during the 1st quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC bought a new stake in POSCO in the third quarter worth about $49,000. GAMMA Investing LLC grew its stake in shares of POSCO by 138.0% during the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock valued at $61,000 after buying an additional 505 shares during the last quarter. CWM LLC raised its holdings in shares of POSCO by 22.9% in the second quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock worth $132,000 after buying an additional 373 shares during the period. Finally, Choreo LLC purchased a new position in POSCO during the 2nd quarter valued at $221,000.

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.