POSCO (NYSE:PKX - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Saturday.
POSCO Stock Performance
POSCO stock traded up $0.61 during midday trading on Friday, hitting $60.72. The company's stock had a trading volume of 126,197 shares, compared to its average volume of 260,278. The company has a 50-day moving average price of $65.74 and a two-hundred day moving average price of $67.07. POSCO has a 1-year low of $58.00 and a 1-year high of $98.00. The company has a market cap of $18.43 billion, a price-to-earnings ratio of 21.31, a PEG 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.
Institutional Trading of POSCO
Large investors have recently modified their holdings of the stock. Seven Grand Managers LLC bought a new position in POSCO in the third quarter valued at approximately $1,750,000. CWM LLC raised its holdings 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 in the last quarter. Headlands Technologies LLC bought a new stake in shares of POSCO during the 1st quarter worth $27,000. GAMMA Investing LLC boosted its stake in 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 buying an additional 505 shares in the last quarter. Finally, Creative Planning grew its position in POSCO by 36.8% in the third quarter. Creative Planning now owns 53,801 shares of the basic materials company's stock valued at $3,766,000 after acquiring an additional 14,485 shares during the last quarter.
POSCO Company Profile
(
Get Free Report)
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.
Read More
Before you consider POSCO, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and POSCO wasn't on the list.
While POSCO currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
