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

Shares of POSCO Holdings Inc. (NYSE:PKX) saw unusually-high trading volume on Friday . Approximately 218,223 shares were traded 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 cut shares of POSCO from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

POSCO Stock Up 0.1 %

The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $13.70 billion, a P/E ratio of 15.84, a PEG ratio of 0.58 and a beta of 1.38. The stock has a 50 day moving average price of $54.50 and a 200 day moving average price of $62.07.

Hedge Funds Weigh In On POSCO

Several large investors have recently bought and sold shares of PKX. Athos Capital Ltd bought a new position in shares of POSCO during the third quarter valued at $11,373,000. Maven Securities LTD acquired a new stake in POSCO in the third quarter valued at $10,191,000. Jane Street Group LLC raised its position in POSCO by 2,229.6% during the 3rd quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock worth $5,610,000 after purchasing an additional 76,719 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in POSCO by 32.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock worth $17,711,000 after buying an additional 61,528 shares during the period. Finally, Janus Henderson Group PLC bought a new stake in shares of POSCO in the 3rd quarter valued at about $3,497,000.

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.