POSCO (NYSE:PKX) Shares Gap Down – Here’s What Happened

POSCO Holdings Inc. (NYSE:PKX) shares gapped down prior to trading on Tuesday . The stock had previously closed at $62.04, but opened at $60.06. POSCO shares last traded at $60.06, with a volume of 32,035 shares changing hands.

POSCO Stock Up 0.9 %

The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $18.50 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 0.48 and a beta of 1.42. The business’s 50-day moving average price is $65.90 and its 200-day moving average price is $67.62.

POSCO (NYSE:PKX) last issued its earnings results on Thursday, July 25th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter. POSCO had a net margin of 1.91% and a return on equity of 2.27%. The company had revenue of $13.50 billion during the quarter. As a group, equities research analysts predict that POSCO Holdings Inc. will post 4.99 EPS for the current fiscal year.

Institutional Trading of POSCO

A number of institutional investors have recently bought and sold shares of PKX. GAMMA Investing LLC raised its stake in shares of POSCO by 50.7% during 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 in the last quarter. DMC Group LLC lifted its stake in POSCO by 1.5% in the second quarter. DMC Group LLC now owns 11,111 shares of the basic materials company’s stock valued at $730,000 after acquiring an additional 167 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in POSCO by 1.8% in the second quarter. Sequoia Financial Advisors LLC now owns 10,470 shares of the basic materials company’s stock worth $688,000 after acquiring an additional 183 shares in the last quarter. Confluence Investment Management LLC increased its stake in shares of POSCO by 3.0% during the 2nd quarter. Confluence Investment Management LLC now owns 6,420 shares of the basic materials company’s stock worth $422,000 after purchasing an additional 185 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in shares of POSCO by 7.9% during the 2nd quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock valued at $268,000 after purchasing an additional 298 shares in the last quarter.

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.