StockNews.com Downgrades POSCO (NYSE:PKX) to Hold

POSCO (NYSE:PKX) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

POSCO Stock Performance

POSCO stock opened at $71.04 on Friday. The company has a current ratio of 2.11, a quick ratio of 1.48 and a debt-to-equity ratio of 0.25. The business’s 50-day simple moving average is $78.29 and its two-hundred day simple moving average is $84.19. POSCO has a fifty-two week low of $67.42 and a fifty-two week high of $133.09.

POSCO (NYSE:PKX) last posted its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.52) earnings per share for the quarter. The firm had revenue of $14.15 billion for the quarter. POSCO had a net margin of 2.45% and a return on equity of 3.02%. As a group, sell-side analysts forecast that POSCO will post 4.79 EPS for the current year.

Institutional Trading of POSCO

A number of hedge funds have recently modified their holdings of the stock. Lindbrook Capital LLC boosted its stake in shares of POSCO by 6.5% in the first quarter. Lindbrook Capital LLC now owns 3,385 shares of the basic materials company’s stock worth $265,000 after buying an additional 208 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of POSCO by 13.8% in the first quarter. Ballentine Partners LLC now owns 5,261 shares of the basic materials company’s stock worth $413,000 after buying an additional 636 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 worth $33,000 after buying an additional 141 shares during the last quarter. CWM LLC boosted its stake in shares of POSCO by 25.4% in the first quarter. CWM LLC now owns 1,631 shares of the basic materials company’s stock worth $128,000 after buying an additional 330 shares during the last quarter. Finally, Confluence Investment Management LLC purchased a new stake in shares of POSCO in the first quarter worth about $489,000.

POSCO Company Profile

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.