POSCO (NYSE:PKX) Hits New 12-Month Low – Should You Sell?

POSCO Holdings Inc. (NYSE:PKX) reached a new 52-week low during trading on Thursday . The company traded as low as $43.66 and last traded at $43.66, with a volume of 5123 shares trading hands. The stock had previously closed at $45.47.

Analyst Ratings Changes

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

POSCO Stock Down 3.6 %

The stock has a market cap of $13.31 billion, a P/E ratio of 15.38, a PEG ratio of 0.58 and a beta of 1.38. The stock’s fifty day simple moving average is $53.35 and its 200-day simple moving average is $61.57. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio bought a new stake in POSCO in the third quarter worth $2,082,000. Jane Street Group LLC lifted its position in shares of POSCO by 2,229.6% in the 3rd quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock worth $5,610,000 after acquiring an additional 76,719 shares during the period. State Street Corp grew its holdings in shares of POSCO by 1.6% during the 3rd quarter. State Street Corp now owns 781,503 shares of the basic materials company’s stock worth $54,697,000 after purchasing an additional 12,193 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of POSCO by 73.2% in the third quarter. Quantinno Capital Management LP now owns 16,792 shares of the basic materials company’s stock valued at $1,175,000 after purchasing an additional 7,095 shares in the last quarter. Finally, Recurrent Investment Advisors LLC boosted its stake in POSCO by 46.1% during the third quarter. Recurrent Investment Advisors LLC now owns 14,002 shares of the basic materials company’s stock worth $980,000 after buying an additional 4,415 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.