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

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

POSCO Stock Performance

Shares of PKX stock opened at $60.72 on Friday. The stock 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. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. The company has a fifty day moving average price of $65.74 and a two-hundred day moving average price of $67.07. POSCO has a one year low of $58.00 and a one year high of $98.00.

Institutional Trading of POSCO

Large investors have recently added to or reduced their stakes in the company. Seven Grand Managers LLC acquired a new stake in POSCO in the third quarter valued at $1,750,000. CWM LLC lifted its stake in shares of POSCO by 22.9% during the 2nd quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock worth $132,000 after buying an additional 373 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of POSCO during the 1st quarter worth about $27,000. GAMMA Investing LLC lifted its stake 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 worth $61,000 after buying an additional 505 shares during the last quarter. Finally, Creative Planning lifted its stake 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 worth $3,766,000 after buying 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.