StockNews.com Lowers POSCO (NYSE:PKX) to Hold

POSCO (NYSE:PKX) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

POSCO Price Performance

Shares of NYSE PKX opened at $71.04 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.48 and a debt-to-equity ratio of 0.25. POSCO has a 12-month low of $67.42 and a 12-month high of $133.09. The business’s fifty day simple moving average is $78.29 and its 200-day simple moving average is $84.19.

POSCO (NYSE:PKX) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.52) earnings per share (EPS) for the quarter. POSCO had a net margin of 2.45% and a return on equity of 3.02%. The company had revenue of $14.15 billion during the quarter. As a group, equities research analysts expect that POSCO will post 4.79 EPS for the current year.

Institutional Trading of POSCO

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. DMC Group LLC raised its stake in POSCO by 1.3% in the fourth quarter. DMC Group LLC now owns 10,884 shares of the basic materials company’s stock valued at $1,035,000 after buying an additional 138 shares in the last quarter. GAMMA Investing LLC raised its stake in POSCO by 50.7% in the first quarter. GAMMA Investing LLC now owns 419 shares of the basic materials company’s stock valued at $33,000 after buying an additional 141 shares in the last quarter. US Bancorp DE raised its stake in POSCO by 1.4% in the fourth quarter. US Bancorp DE now owns 10,700 shares of the basic materials company’s stock valued at $1,018,000 after buying an additional 149 shares in the last quarter. CWM LLC raised its stake in POSCO by 13.2% in the fourth quarter. CWM LLC now owns 1,301 shares of the basic materials company’s stock valued at $124,000 after buying an additional 152 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in shares of POSCO by 6.5% during the first quarter. Lindbrook Capital LLC now owns 3,385 shares of the basic materials company’s stock worth $265,000 after purchasing an additional 208 shares in the last quarter.

About POSCO

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