POSCO (NYSE:PKX) Upgraded at StockNews.com

StockNews.com upgraded shares of POSCO (NYSE:PKX) from a hold rating to a buy rating in a research note published on Wednesday morning.

POSCO Stock Performance

Shares of POSCO stock opened at $43.37 on Wednesday. POSCO has a 12 month low of $42.74 and a 12 month high of $96.98. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27. The stock has a market cap of $13.16 billion, a PE ratio of 15.22, a price-to-earnings-growth ratio of 0.58 and a beta of 1.38. The business has a fifty day simple moving average of $52.58 and a 200-day simple moving average of $61.28.

Institutional Trading of POSCO

Several institutional investors have recently made changes to their positions in PKX. Allspring Global Investments Holdings LLC acquired a new stake in POSCO during the third quarter valued at $49,000. GAMMA Investing LLC lifted its holdings in shares of POSCO by 138.0% during the 3rd 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 during the last quarter. CWM LLC grew its stake in shares of POSCO by 16.3% in the 3rd quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock valued at $163,000 after buying an additional 327 shares in the last quarter. Choreo LLC bought a new position in POSCO during the second quarter valued at approximately $221,000. Finally, Ameritas Advisory Services LLC lifted its stake in POSCO by 7.9% in the second quarter. Ameritas Advisory Services LLC now owns 4,084 shares of the basic materials company’s stock valued at $268,000 after acquiring an additional 298 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.