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

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

POSCO Price Performance

Shares of NYSE PKX opened at $44.24 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. The stock has a market capitalization of $13.43 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 0.58 and a beta of 1.40. The firm’s 50 day simple moving average is $51.15 and its 200-day simple moving average is $60.58. POSCO has a 12 month low of $42.35 and a 12 month high of $92.42.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of POSCO in the 3rd quarter valued at about $49,000. GAMMA Investing LLC increased its position in shares of 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. CWM LLC increased its position in shares of POSCO by 16.3% in the third 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 purchased a new position in shares of POSCO during the 2nd quarter valued at approximately $221,000. Finally, PDS Planning Inc grew its stake in POSCO by 11.4% in the 3rd quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company’s stock valued at $284,000 after acquiring an additional 416 shares during the period.

POSCO Company Profile

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.