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

by · The Cerbat Gem

StockNews.com lowered shares of POSCO (NYSE:PKX – Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

POSCO Trading Up 1.0 %

NYSE:PKX opened at $60.72 on Friday. The firm’s fifty day moving average is $65.74 and its 200-day moving average is $67.07. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.45 and a current ratio of 2.03. POSCO has a 52 week low of $58.00 and a 52 week high of $98.00. The firm has a market cap of $18.43 billion, a P/E ratio of 21.31, a P/E/G ratio of 0.74 and a beta of 1.44.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of POSCO in the first quarter valued at about $27,000. Allspring Global Investments Holdings LLC bought a new position in shares of POSCO in the third quarter valued at approximately $49,000. GAMMA Investing LLC boosted its position 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 valued at $61,000 after acquiring an additional 505 shares during the period. Advisors Preferred LLC bought a new position in shares of POSCO in the first quarter valued at approximately $107,000. Finally, CWM LLC raised its stake in POSCO by 22.9% in the second 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.

POSCO Company Profile

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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.

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