POSCO (NYSE:PKX) Sees Large Volume Increase – Should You Buy?

Shares of POSCO Holdings Inc. (NYSE:PKX) saw an uptick in trading volume on Friday . 218,223 shares traded hands during trading, an increase of 30% from the previous session’s volume of 167,436 shares.The stock last traded at $44.88 and had previously closed at $45.12.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of POSCO from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

POSCO Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. The firm has a market cap of $13.70 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 0.58 and a beta of 1.38. The firm’s fifty day moving average is $54.50 and its 200-day moving average is $62.07.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of POSCO in the 3rd quarter valued at $49,000. GAMMA Investing LLC increased its stake in POSCO by 138.0% in the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 505 shares in the last quarter. CWM LLC raised its holdings in shares of POSCO by 16.3% during the third quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock valued at $163,000 after purchasing an additional 327 shares during the period. Choreo LLC bought a new position in shares of POSCO during the 2nd quarter worth about $221,000. Finally, Ameritas Advisory Services LLC grew its stake in shares of POSCO by 7.9% in the 2nd quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock valued at $268,000 after buying an additional 298 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.