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

POSCO (NYSE:PKX) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

POSCO Stock Up 0.7 %

Shares of NYSE:PKX opened at $70.59 on Thursday. POSCO has a 12 month low of $67.42 and a 12 month high of $133.09. The company’s 50-day moving average price is $79.21 and its two-hundred day moving average price is $84.89. The company has a quick ratio of 1.48, a current ratio of 2.11 and a debt-to-equity ratio of 0.25. The firm has a market cap of $21.35 billion, a P/E ratio of 14.83, a P/E/G ratio of 1.01 and a beta of 1.44.

POSCO (NYSE:PKX) last issued its earnings results on Wednesday, February 21st. The basic materials company reported ($0.52) earnings per share (EPS) for the quarter. The business had revenue of $14.15 billion during the quarter. POSCO had a net margin of 2.45% and a return on equity of 3.02%. As a group, research analysts forecast that POSCO will post 4.79 EPS for the current fiscal year.

Institutional Trading of POSCO

Hedge funds have recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new stake in shares of POSCO in the 4th quarter valued at approximately $25,000. GAMMA Investing LLC acquired a new stake in POSCO during the 4th quarter worth approximately $26,000. Benjamin F. Edwards & Company Inc. acquired a new stake in POSCO during the 4th quarter worth approximately $31,000. Tower Research Capital LLC TRC acquired a new stake in POSCO during the 3rd quarter worth approximately $35,000. Finally, Captrust Financial Advisors raised its holdings in POSCO by 56.5% during the 1st quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company’s stock worth $33,000 after buying an additional 201 shares during the period.

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.