POSCO (NYSE:PKX) Shares Gap Down – What’s Next?

POSCO Holdings Inc. (NYSE:PKX) shares gapped down before the market opened on Friday . The stock had previously closed at $46.26, but opened at $45.30. POSCO shares last traded at $45.22, with a volume of 23,504 shares traded.

Analyst Ratings Changes

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

POSCO Trading Down 3.9 %

The stock has a market capitalization of $13.49 billion, a P/E ratio of 15.60, a P/E/G ratio of 0.40 and a beta of 1.40. 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 business has a 50-day moving average price of $46.17 and a two-hundred day moving average price of $57.29.

POSCO (NYSE:PKX) last posted its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.01 earnings per share for the quarter. POSCO had a net margin of 1.78% and a return on equity of 2.15%. The business had revenue of $13.53 billion during the quarter. On average, analysts expect that POSCO Holdings Inc. will post 4.25 EPS for the current fiscal year.

Institutional Trading of POSCO

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Cubist Systematic Strategies LLC raised its position in POSCO by 43,007.1% during the second quarter. Cubist Systematic Strategies LLC now owns 6,035 shares of the basic materials company’s stock valued at $397,000 after purchasing an additional 6,021 shares in the last quarter. Creative Planning increased its stake in shares of POSCO by 2.3% in the 2nd quarter. Creative Planning now owns 39,316 shares of the basic materials company’s stock valued at $2,585,000 after purchasing an additional 899 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of POSCO by 138.0% during the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after buying an additional 505 shares in the last quarter. CWM LLC lifted its position in shares of POSCO by 16.3% during the 3rd quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock worth $163,000 after buying an additional 327 shares during the last quarter. Finally, Seven Grand Managers LLC acquired a new stake in POSCO in the third quarter valued at about $1,750,000.

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.