POSCO (NYSE:PKX) Sets New 12-Month Low – Time to Sell?

Shares of POSCO Holdings Inc. (NYSE:PKX) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $44.83 and last traded at $44.94, with a volume of 346314 shares. The stock had previously closed at $45.73.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of POSCO from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th.

POSCO Stock Performance

The company has a market capitalization of $13.70 billion, a PE ratio of 15.84, a PEG ratio of 0.58 and a beta of 1.38. The firm’s 50-day simple moving average is $54.95 and its 200-day simple moving average is $62.27. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27.

Hedge Funds Weigh In On POSCO

Large investors have recently bought and sold shares of the business. Atomi Financial Group Inc. boosted its holdings in POSCO by 16.3% in the second quarter. Atomi Financial Group Inc. now owns 6,802 shares of the basic materials company’s stock worth $447,000 after acquiring an additional 953 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in shares of POSCO by 7.9% in the second quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock worth $268,000 after buying an additional 298 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of POSCO by 8.3% during the second quarter. Van ECK Associates Corp now owns 84,420 shares of the basic materials company’s stock valued at $5,550,000 after buying an additional 6,440 shares during the last quarter. Caprock Group LLC acquired a new position in shares of POSCO in the 2nd quarter valued at $442,000. Finally, Ballentine Partners LLC raised its stake in POSCO by 16.4% in the 2nd quarter. Ballentine Partners LLC now owns 6,122 shares of the basic materials company’s stock worth $402,000 after acquiring an additional 861 shares during 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.