POSCO (NYSE:PKX) Earns Sell (D+) Rating from Weiss Ratings

POSCO (NYSE:PKX)‘s stock had its “sell (d+)” rating restated by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

PKX has been the subject of several other reports. Morgan Stanley upgraded POSCO from an “equal weight” rating to an “overweight” rating in a report on Friday, July 4th. UBS Group upgraded POSCO from a “strong sell” rating to a “hold” rating in a report on Thursday, August 21st. Finally, Wall Street Zen upgraded POSCO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, POSCO currently has an average rating of “Hold”.

POSCO Price Performance

PKX opened at $48.80 on Wednesday. The business has a fifty day moving average of $51.91 and a 200 day moving average of $49.84. POSCO has a 52-week low of $39.40 and a 52-week high of $68.90. The company has a quick ratio of 1.41, a current ratio of 1.96 and a debt-to-equity ratio of 0.26. The stock has a market cap of $14.81 billion, a P/E ratio of 60.24, a PEG ratio of 0.33 and a beta of 1.46.

POSCO (NYSE:PKX) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.17). POSCO had a net margin of 0.69% and a return on equity of 0.82%. The business had revenue of $12.66 billion for the quarter, compared to analysts’ expectations of $13.21 billion. As a group, sell-side analysts anticipate that POSCO will post 3.74 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new position in POSCO during the 2nd quarter valued at about $66,000. Headlands Technologies LLC grew its stake in POSCO by 1,276.9% during the 2nd quarter. Headlands Technologies LLC now owns 1,432 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 1,328 shares during the last quarter. MAI Capital Management purchased a new stake in POSCO during the 2nd quarter valued at about $73,000. GAMMA Investing LLC grew its stake in POSCO by 329.1% during the 1st quarter. GAMMA Investing LLC now owns 1,605 shares of the basic materials company’s stock valued at $76,000 after purchasing an additional 1,231 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in POSCO by 604.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,642 shares of the basic materials company’s stock valued at $80,000 after purchasing an additional 1,409 shares during the last quarter.

About POSCO

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.