POSCO Holdings Inc. (NYSE:PKX – Get Rating)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $47.55 and last traded at $49.04, with a volume of 249494 shares trading hands. The stock had previously closed at $50.18.
Separately, StockNews.com assumed coverage on shares of POSCO in a research note on Thursday, March 31st. They issued a “buy” rating on the stock.
The firm has a market capitalization of $16.12 billion, a PE ratio of 2.27 and a beta of 0.96. The business’s fifty day moving average price is $55.61 and its 200 day moving average price is $57.99. The company has a quick ratio of 1.47, a current ratio of 2.16 and a debt-to-equity ratio of 0.23.
Large investors have recently modified their holdings of the company. Clark Capital Management Group Inc. boosted its stake in shares of POSCO by 69.9% in the fourth quarter. Clark Capital Management Group Inc. now owns 753,482 shares of the basic materials company’s stock valued at $43,920,000 after buying an additional 310,100 shares in the last quarter. BlackRock Inc. boosted its position in shares of POSCO by 17.7% during the 1st quarter. BlackRock Inc. now owns 1,395,026 shares of the basic materials company’s stock worth $82,683,000 after purchasing an additional 210,190 shares in the last quarter. Millennium Management LLC acquired a new position in shares of POSCO during the 3rd quarter worth $4,806,000. State Street Corp increased its holdings in shares of POSCO by 10.3% in the 1st quarter. State Street Corp now owns 743,799 shares of the basic materials company’s stock valued at $44,085,000 after purchasing an additional 69,631 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of POSCO in the fourth quarter valued at about $3,744,000.
About POSCO (NYSE:PKX)
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)
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