POSCO (NYSE:PKX) Sees Large Volume Increase

Shares of POSCO Holdings Inc. (NYSE:PKX) saw unusually-strong trading volume on Monday . Approximately 105,948 shares changed hands during mid-day trading, an increase of 0% from the previous session’s volume of 105,662 shares.The stock last traded at $71.06 and had previously closed at $73.23.

POSCO Stock Down 0.0 %

The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 0.57 and a beta of 1.42. The firm has a 50 day simple moving average of $64.76 and a 200-day simple moving average of $68.96. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45.

POSCO (NYSE:PKX) last announced its earnings results on Thursday, July 25th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter. The company had revenue of $13.50 billion for the quarter. POSCO had a net margin of 1.91% and a return on equity of 2.27%. On average, sell-side analysts forecast that POSCO Holdings Inc. will post 4.7 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in POSCO in the first quarter valued at about $27,000. GAMMA Investing LLC grew its stake in POSCO by 50.7% in the first quarter. GAMMA Investing LLC now owns 419 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 141 shares in the last quarter. Barometer Capital Management Inc. bought a new position in POSCO in the fourth quarter valued at approximately $124,000. Advisors Preferred LLC bought a new position in POSCO in the first quarter valued at approximately $107,000. Finally, CWM LLC grew its stake in POSCO by 25.4% in the first quarter. CWM LLC now owns 1,631 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 330 shares in 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.