POSCO (NYSE:PKX) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of POSCO (NYSE:PKX) from a buy rating to a hold rating in a research note published on Saturday morning.

POSCO Trading Up 2.1 %

Shares of POSCO stock opened at $62.01 on Friday. The company has a market capitalization of $18.82 billion, a price-to-earnings ratio of 21.76, a PEG ratio of 0.74 and a beta of 1.44. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27. POSCO has a 12-month low of $58.00 and a 12-month high of $98.00. The firm’s 50-day moving average price is $65.69 and its two-hundred day moving average price is $67.01.

Institutional Investors Weigh In On POSCO

Large investors have recently bought and sold shares of the company. Seven Grand Managers LLC acquired a new stake in POSCO during the third quarter worth about $1,750,000. CWM LLC boosted its stake in shares of POSCO by 22.9% in the 2nd quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock valued at $132,000 after purchasing an additional 373 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of POSCO during the 1st quarter valued at approximately $27,000. GAMMA Investing LLC grew 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 valued at $61,000 after purchasing an additional 505 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of POSCO by 36.8% during the 3rd quarter. Creative Planning now owns 53,801 shares of the basic materials company’s stock valued at $3,766,000 after purchasing an additional 14,485 shares during the last quarter.

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.