POSCO (NYSE:PKX) Upgraded at StockNews.com

POSCO (NYSE:PKX) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

POSCO Stock Performance

Shares of NYSE:PKX traded up $2.23 on Thursday, hitting $70.13. 106,008 shares of the company’s stock were exchanged, compared to its average volume of 113,245. POSCO has a 12 month low of $67.42 and a 12 month high of $133.09. The business’s 50 day simple moving average is $79.50 and its two-hundred day simple moving average is $85.10. The company has a quick ratio of 1.48, a current ratio of 2.11 and a debt-to-equity ratio of 0.25.

POSCO (NYSE:PKX) last released its earnings results on Wednesday, February 21st. The basic materials company reported ($0.52) earnings per share for the quarter. POSCO had a return on equity of 3.02% and a net margin of 2.45%. The business had revenue of $14.15 billion for the quarter. Research analysts anticipate that POSCO will post 4.79 earnings per share for the current fiscal year.

Institutional Trading of POSCO

Several institutional investors and hedge funds have recently made changes to their positions in the company. Stifel Financial Corp raised its holdings in shares of POSCO by 0.3% in the second quarter. Stifel Financial Corp now owns 34,086 shares of the basic materials company’s stock valued at $2,521,000 after acquiring an additional 94 shares in the last quarter. Atlas Capital Advisors LLC raised its holdings in shares of POSCO by 1.7% in the fourth quarter. Atlas Capital Advisors LLC now owns 7,508 shares of the basic materials company’s stock valued at $714,000 after acquiring an additional 128 shares in the last quarter. DMC Group LLC raised its holdings in shares of 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 acquiring an additional 138 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 acquiring an additional 141 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of 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 acquiring an additional 149 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.