POSCO (NYSE:PKX) Stock Rating Lowered by StockNews.com

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

POSCO Stock Performance

PKX opened at $54.40 on Wednesday. POSCO has a 12-month low of $49.37 and a 12-month high of $96.98. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $16.51 billion, a PE ratio of 19.09, a P/E/G ratio of 0.65 and a beta of 1.44. The firm has a 50 day moving average of $63.36 and a two-hundred day moving average of $65.50.

Hedge Funds Weigh In On POSCO

Institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new position in shares of POSCO during the 3rd quarter valued at approximately $49,000. GAMMA Investing LLC grew its holdings 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 purchasing an additional 505 shares during the period. CWM LLC increased its position in shares of POSCO by 22.9% in the second quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock valued at $132,000 after buying an additional 373 shares in the last quarter. Choreo LLC purchased a new stake in shares of POSCO in the second quarter valued at approximately $221,000. Finally, Bayesian Capital Management LP lifted its position in shares of POSCO by 23.7% during the 1st quarter. Bayesian Capital Management LP now owns 3,136 shares of the basic materials company’s stock valued at $246,000 after buying an additional 600 shares in 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.