StockNews.com cut shares of POSCO (NYSE:PKX – Free Report) from a buy rating to a hold rating in a report released on Friday morning.
POSCO Stock Up 0.8 %
PKX stock opened at $71.60 on Friday. 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 has a one year low of $67.42 and a one year high of $133.09. The firm has a 50-day moving average of $78.06 and a two-hundred day moving average of $84.01.
POSCO (NYSE:PKX – Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.52) EPS for the quarter. POSCO had a net margin of 2.45% and a return on equity of 3.02%. The firm had revenue of $14.15 billion for the quarter. On average, research analysts expect that POSCO will post 4.65 EPS for the current year.
POSCO Dividend Announcement
Institutional Trading of POSCO
Hedge funds have recently made changes to their positions in the stock. Bruce G. Allen Investments LLC purchased a new stake in shares of POSCO in the fourth quarter worth approximately $25,000. GAMMA Investing LLC purchased a new stake in shares of POSCO in the fourth quarter worth approximately $26,000. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of POSCO in the fourth quarter worth approximately $31,000. Paradigm Asset Management Co. LLC lifted its position in shares of POSCO by 187.5% in the third quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 750 shares in the last quarter. Finally, CWM LLC lifted its position in shares of POSCO by 13.2% in the fourth quarter. CWM LLC now owns 1,301 shares of the basic materials company’s stock worth $124,000 after purchasing an additional 152 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.
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