POSCO (NYSE:PKX) Sees Large Volume Increase – What’s Next?

POSCO Holdings Inc. (NYSE:PKX) saw strong trading volume on Wednesday . 87,278 shares changed hands during mid-day trading, a decline of 32% from the previous session’s volume of 127,617 shares.The stock last traded at $63.57 and had previously closed at $63.33.

POSCO Price Performance

The company has a market cap of $18.92 billion, a P/E ratio of 16.36, a PEG ratio of 0.55 and a beta of 1.42. The firm’s 50-day moving average is $65.78 and its two-hundred day moving average is $68.04. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45.

POSCO (NYSE:PKX) last announced its earnings results on Thursday, July 25th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter. The firm had revenue of $13.50 billion for the quarter. POSCO had a net margin of 1.91% and a return on equity of 2.27%. Analysts anticipate that POSCO Holdings Inc. will post 4.7 earnings per share for the current year.

Institutional Trading of POSCO

Several institutional investors have recently added to or reduced their stakes in the company. Seven Grand Managers LLC bought a new stake in shares of POSCO during the 3rd quarter worth approximately $1,750,000. Creative Planning lifted its position in shares of POSCO by 36.8% during the third quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock worth $3,766,000 after purchasing an additional 14,485 shares during the last quarter. CWM LLC boosted its stake in shares of POSCO by 16.3% during the third quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock valued at $163,000 after purchasing an additional 327 shares during the period. GAMMA Investing LLC grew its holdings in shares of POSCO by 138.0% in the third quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 505 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in POSCO by 43,007.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,035 shares of the basic materials company’s stock worth $397,000 after buying an additional 6,021 shares during the period.

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.