POSCO (NYSE:PKX) Sets New 52-Week Low – What’s Next?

Shares of POSCO Holdings Inc. (NYSE:PKX) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $41.44 and last traded at $41.44, with a volume of 149588 shares. The stock had previously closed at $44.52.

Analysts Set New Price Targets

Separately, StockNews.com cut POSCO from a “buy” rating to a “hold” rating in a research note on Thursday, January 2nd.

POSCO Trading Down 7.5 %

The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.23. The stock has a market cap of $12.50 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.40 and a beta of 1.39. The stock has a 50-day moving average of $46.17 and a 200 day moving average of $57.15.

Institutional Investors Weigh In On POSCO

Hedge funds and other institutional investors have recently made changes to their positions in the company. R Squared Ltd purchased a new position in POSCO during the fourth quarter worth approximately $46,000. Allspring Global Investments Holdings LLC purchased a new position in shares of POSCO during the 3rd quarter valued at approximately $49,000. GAMMA Investing LLC grew its stake in POSCO by 138.0% in the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock valued at $61,000 after acquiring an additional 505 shares during the period. Wilmington Savings Fund Society FSB raised its position in POSCO by 5,312.5% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,165 shares of the basic materials company’s stock worth $94,000 after acquiring an additional 2,125 shares during the period. Finally, Avior Wealth Management LLC raised its position in POSCO by 49.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock worth $97,000 after acquiring an additional 735 shares during the period.

About POSCO

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.