POSCO (NYSE:PKX) Hits New 12-Month Low at $47.55

Shares of POSCO Holdings Inc. (NYSE:PKX – Get Rating) hit a new 52-week low on Tuesday . The stock traded as low as $47.55 and last traded at $49.04, with a volume of 249494 shares. The stock had previously closed at $50.18.

Separately, StockNews.com began coverage on shares of POSCO in a research report on Thursday, March 31st. They issued a “buy” rating for the company.

The company has a quick ratio of 1.47, a current ratio of 2.16 and a debt-to-equity ratio of 0.23. The company has a 50 day simple moving average of $55.61 and a 200-day simple moving average of $57.99. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 2.27 and a beta of 0.96.

The company also recently declared a quarterly dividend, which was paid on Monday, April 25th. Stockholders of record on Friday, December 31st were issued a $0.835 dividend. The ex-dividend date of this dividend was Thursday, December 30th. This represents a $3.34 dividend on an annualized basis and a dividend yield of 7.23%. POSCO’s dividend payout ratio (DPR) is 13.02%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors raised its stake in POSCO by 56.5% during the first quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 201 shares during the period. Glassman Wealth Services raised its position in shares of POSCO by 63.6% during the 1st quarter. Glassman Wealth Services now owns 535 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 208 shares during the period. CWM LLC lifted its holdings in shares of POSCO by 97.8% in the 1st quarter. CWM LLC now owns 455 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 225 shares during the last quarter. Eagle Asset Management Inc. increased its position in POSCO by 3.6% in the fourth quarter. Eagle Asset Management Inc. now owns 6,557 shares of the basic materials company’s stock worth $381,000 after buying an additional 227 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in POSCO by 3.8% in the first quarter. PNC Financial Services Group Inc. now owns 6,573 shares of the basic materials company’s stock valued at $390,000 after buying an additional 239 shares during the last quarter.

POSCO Company Profile (NYSE:PKX)

POSCO Holdings Inc, together with its subsidiaries, manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized sheets, electrical steel, stainless steel, and titanium.

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