POSCO (NYSE:PKX) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of POSCO (NYSE:PKX) from a buy rating to a hold rating in a research note released on Thursday morning.

POSCO Stock Performance

NYSE PKX opened at $42.56 on Thursday. POSCO has a 12-month low of $42.35 and a 12-month high of $92.42. The firm has a 50-day moving average price of $51.15 and a two-hundred day moving average price of $60.58. The company has a market capitalization of $12.92 billion, a P/E ratio of 14.93, a P/E/G ratio of 0.58 and a beta of 1.38. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new stake in POSCO during the 3rd quarter worth about $49,000. GAMMA Investing LLC grew its position in POSCO by 138.0% during 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 during the period. CWM LLC grew its holdings in POSCO by 16.3% during the third quarter. CWM LLC now owns 2,331 shares of the basic materials company’s stock valued at $163,000 after purchasing an additional 327 shares during the period. Choreo LLC bought a new stake in shares of POSCO in the second quarter valued at approximately $221,000. Finally, PDS Planning Inc lifted its holdings in POSCO by 11.4% during the 3rd quarter. PDS Planning Inc now owns 4,062 shares of the basic materials company’s stock worth $284,000 after purchasing an additional 416 shares in the last quarter.

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.