POSCO (NYSE:PKX) Reaches New 12-Month Low – Should You Sell?

POSCO Holdings Inc. (NYSE:PKX)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $57.41 and last traded at $57.41, with a volume of 21857 shares. The stock had previously closed at $61.44.

Analysts Set New Price Targets

Separately, StockNews.com lowered POSCO from a “buy” rating to a “hold” rating in a research report on Saturday.

POSCO Price Performance

The stock has a market capitalization of $17.57 billion, a PE ratio of 20.28, a P/E/G ratio of 0.77 and a beta of 1.44. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27. The stock’s 50-day moving average is $65.62 and its 200 day moving average is $66.95.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in shares of POSCO by 917.1% during the 1st quarter. BNP Paribas Financial Markets now owns 61,565 shares of the basic materials company’s stock valued at $4,828,000 after purchasing an additional 55,512 shares in the last quarter. Seven Grand Managers LLC acquired a new position in POSCO during the third quarter worth $1,750,000. Frank Rimerman Advisors LLC bought a new position in POSCO during the second quarter valued at about $1,540,000. Altrius Capital Management Inc lifted its position in shares of POSCO by 15.9% in the third quarter. Altrius Capital Management Inc now owns 122,467 shares of the basic materials company’s stock worth $8,571,000 after buying an additional 16,802 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of POSCO by 36.8% during the 3rd quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock worth $3,766,000 after acquiring an additional 14,485 shares in the last quarter.

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.