POSCO (NYSE:PKX) Reaches New 1-Year High at $62.85

POSCO Holdings Inc. (NYSE:PKX – Get Rating) reached a new 52-week high on Friday . The company traded as high as $62.85 and last traded at $62.85, with a volume of 286220 shares. The stock had previously closed at $61.12.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PKX shares. JPMorgan Chase & Co. lowered POSCO from an “overweight” rating to a “neutral” rating in a research report on Monday, October 24th. TheStreet raised POSCO from a “c+” rating to a “b-” rating in a research report on Friday, November 18th. Finally, StockNews.com lowered POSCO from a “buy” rating to a “hold” rating in a research report on Tuesday, November 29th.

POSCO Stock Performance

The company has a current ratio of 2.01, a quick ratio of 1.36 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $19.01 billion, a price-to-earnings ratio of 4.60 and a beta of 1.17. The company has a 50-day moving average of $56.05 and a 200-day moving average of $48.44.

POSCO (NYSE:PKX – Get Rating) last issued its quarterly earnings data on Monday, October 24th. The basic materials company reported $1.46 EPS for the quarter. The firm had revenue of $15.80 billion during the quarter. POSCO had a return on equity of 9.56% and a net margin of 6.29%. On average, equities research analysts forecast that POSCO Holdings Inc. will post 12.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Wipfli Financial Advisors LLC bought a new position in POSCO during the third quarter valued at about $120,000. Bank of Montreal Can increased its stake in POSCO by 13.8% in the 2nd quarter. Bank of Montreal Can now owns 34,968 shares of the basic materials company’s stock worth $1,642,000 after purchasing an additional 4,238 shares in the last quarter. Veriti Management LLC increased its stake in POSCO by 3.5% in the 2nd quarter. Veriti Management LLC now owns 27,626 shares of the basic materials company’s stock worth $1,230,000 after purchasing an additional 947 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in POSCO by 9.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 29,517 shares of the basic materials company’s stock worth $1,339,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Cerity Partners LLC purchased a new position in POSCO in the 2nd quarter worth about $520,000. 3.34% of the stock is currently owned by institutional investors.

About POSCO

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POSCO Holdings Inc engages in the production of steel products. It operates through the following divisions: Steel, Engineering & Construction and Trading. The Steel division produces cold rolled, hot rolled and stainless steel products, plates, wire rods and silicon steel sheets. The Engineering & Construction division engages in the planning, designing and construction of industrial plants, civil engineering projects, commercial and residential buildings.