POSCO (NYSE:PKX) Sees Unusually-High Trading Volume – What’s Next?

Shares of POSCO Holdings Inc. (NYSE:PKX) saw unusually-strong trading volume on Monday . Approximately 567,482 shares traded hands during trading, an increase of 174% from the previous session’s volume of 206,929 shares.The stock last traded at $51.77 and had previously closed at $51.93.

Analysts Set New Price Targets

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

POSCO Stock Performance

The company has a market cap of $15.70 billion, a PE ratio of 23.72, a PEG ratio of 2.14 and a beta of 1.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35. The business has a 50-day moving average of $46.80 and a 200 day moving average of $53.08.

Institutional Trading of POSCO

Large investors have recently added to or reduced their stakes in the business. Crossmark Global Holdings Inc. boosted its stake in shares of POSCO by 4.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 6,257 shares of the basic materials company’s stock worth $271,000 after acquiring an additional 249 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in POSCO by 13.0% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,612 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 645 shares during the period. Parvin Asset Management LLC purchased a new stake in POSCO in the fourth quarter worth about $29,000. Avior Wealth Management LLC lifted its position in shares of POSCO by 49.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,228 shares of the basic materials company’s stock valued at $97,000 after buying an additional 735 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of POSCO by 7.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 11,210 shares of the basic materials company’s stock valued at $486,000 after acquiring an additional 820 shares during the period.

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.