POSCO (NYSE:PKX) Sees Large Volume Increase – Here’s What Happened

POSCO Holdings Inc. (NYSE:PKX) saw an uptick in trading volume on Wednesday . 87,278 shares changed hands during trading, a decline of 32% from the previous session’s volume of 127,617 shares.The stock last traded at $63.57 and had previously closed at $63.33.

POSCO Stock Down 2.1 %

The company’s 50-day simple moving average is $65.78 and its two-hundred day simple moving average is $68.04. The firm has a market capitalization of $18.92 billion, a P/E ratio of 16.36, a P/E/G ratio of 0.55 and a beta of 1.42. 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 released its earnings results on Thursday, July 25th. The basic materials company reported $1.14 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%. As a group, research analysts expect that POSCO Holdings Inc. will post 4.7 earnings per share for the current year.

Institutional Investors Weigh In On POSCO

A number of institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of POSCO during the first quarter worth about $27,000. GAMMA Investing LLC boosted its stake in POSCO by 50.7% in the 1st quarter. GAMMA Investing LLC now owns 419 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 141 shares during the period. Advisors Preferred LLC bought a new stake in shares of POSCO during the first quarter valued at approximately $107,000. CWM LLC lifted its holdings in shares of POSCO by 25.4% in the first quarter. CWM LLC now owns 1,631 shares of the basic materials company’s stock worth $128,000 after buying an additional 330 shares in the last quarter. Finally, Choreo LLC bought a new position in shares of POSCO during the second quarter worth $221,000.

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.