POSCO (NYSE:PKX) Sees Strong Trading Volume

POSCO Holdings Inc. (NYSE:PKX) saw unusually-high trading volume on Monday . Approximately 105,948 shares traded hands during mid-day trading, an increase of 0% from the previous session’s volume of 105,662 shares.The stock last traded at $71.06 and had previously closed at $73.23.

POSCO Price Performance

The firm has a 50-day moving average price of $64.56 and a 200 day moving average price of $69.13. The stock has a market capitalization of $21.19 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 0.57 and a beta of 1.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03.

POSCO (NYSE:PKX) last issued its earnings results on Thursday, July 25th. The basic materials company reported $1.14 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 for the quarter. On average, analysts expect that POSCO Holdings Inc. will post 4.7 EPS for the current year.

Institutional Trading of POSCO

Several hedge funds and other institutional investors have recently made changes to their positions in PKX. Cubist Systematic Strategies LLC grew its position in POSCO by 43,007.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,035 shares of the basic materials company’s stock valued at $397,000 after purchasing an additional 6,021 shares during the last quarter. Creative Planning raised its holdings in POSCO by 2.3% in the 2nd quarter. Creative Planning now owns 39,316 shares of the basic materials company’s stock worth $2,585,000 after purchasing an additional 899 shares during the period. Marshall Wace LLP lifted its position in POSCO by 15.6% during the second quarter. Marshall Wace LLP now owns 39,337 shares of the basic materials company’s stock valued at $2,586,000 after purchasing an additional 5,295 shares in the last quarter. Frank Rimerman Advisors LLC bought a new stake in POSCO during the second quarter valued at about $1,540,000. Finally, Profund Advisors LLC lifted its position in shares of POSCO by 5.0% during the 2nd quarter. Profund Advisors LLC now owns 9,174 shares of the basic materials company’s stock valued at $603,000 after buying an additional 435 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.