POSCO (NYSE:PKX) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of POSCO (NYSE:PKX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $55.11 and traded as high as $70.48. POSCO shares last traded at $69.64, with a volume of 223,505 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of POSCO in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, POSCO has a consensus rating of “Hold”.

POSCO Trading Up 0.1%

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.88 and a quick ratio of 1.29. The firm’s fifty day moving average price is $60.17 and its two-hundred day moving average price is $55.11.

POSCO (NYSE:PKX) last posted its earnings results on Thursday, January 29th. The basic materials company reported ($0.61) EPS for the quarter, missing the consensus estimate of $0.45 by ($1.06). The business had revenue of $10.61 billion for the quarter, compared to analysts’ expectations of $11.85 billion. POSCO had a return on equity of 1.09% and a net margin of 0.97%. As a group, sell-side analysts anticipate that POSCO will post 3.74 earnings per share for the current year.

Institutional Investors Weigh In On POSCO

Hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of POSCO in the 4th quarter worth $25,000. Founders Capital Management grew its position in POSCO by 100.0% in the third quarter. Founders Capital Management now owns 600 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 300 shares in the last quarter. Allworth Financial LP grew its position in POSCO by 51.6% in the third quarter. Allworth Financial LP now owns 682 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 232 shares in the last quarter. Headlands Technologies LLC increased its stake in POSCO by 1,276.9% in the second quarter. Headlands Technologies LLC now owns 1,432 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 1,328 shares during the last quarter. Finally, MAI Capital Management purchased a new stake in POSCO during the second quarter valued at about $73,000.

POSCO Company Profile

POSCO (NYSE: PKX) is a South Korea–based integrated steel producer founded in 1968 as Pohang Iron and Steel Company. Headquartered in Pohang, the company grew rapidly as part of South Korea’s industrialization program and developed large, integrated steelworks—most notably in Pohang and Gwangyang—that helped establish POSCO among the world’s largest steelmakers. It is structured as a diversified industrial group with steelmaking at its core and a range of downstream and trading businesses.

The company’s primary activities include ironmaking and steelmaking, producing a wide array of steel products such as hot-rolled and cold-rolled sheets, coated steels, plates, stainless and special steels, long products (bars and wire rods), and seamless pipes.