POSCO (NYSE:PKX) Reaches New 1-Year Low – Time to Sell?

POSCO Holdings Inc. (NYSE:PKX)’s share price reached a new 52-week low on Tuesday . The company traded as low as $40.30 and last traded at $40.28, with a volume of 104567 shares changing hands. The stock had previously closed at $41.31.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of POSCO from a “buy” rating to a “hold” rating in a research note on Thursday, January 2nd.

POSCO Stock Performance

The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $44.81 and a 200-day moving average price of $56.16. The firm has a market capitalization of $12.31 billion, a price-to-earnings ratio of 14.23, a PEG ratio of 1.93 and a beta of 1.39.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State Street Corp lifted its stake in shares of POSCO by 1.6% in the 3rd quarter. State Street Corp now owns 781,503 shares of the basic materials company’s stock valued at $54,697,000 after purchasing an additional 12,193 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in POSCO by 19.7% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 384,512 shares of the basic materials company’s stock worth $16,672,000 after buying an additional 63,336 shares during the last quarter. American Century Companies Inc. grew its holdings in POSCO by 8.2% during the fourth quarter. American Century Companies Inc. now owns 369,394 shares of the basic materials company’s stock valued at $16,017,000 after purchasing an additional 28,124 shares during the period. BNP Paribas Financial Markets increased its stake in POSCO by 32.1% in the third quarter. BNP Paribas Financial Markets now owns 253,054 shares of the basic materials company’s stock valued at $17,711,000 after purchasing an additional 61,528 shares in the last quarter. Finally, Athos Capital Ltd acquired a new stake in POSCO in the third quarter worth $11,373,000.

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.