POSCO (NYSE:PKX – Get Free Report) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.
POSCO Trading Down 1.7 %
Shares of POSCO stock traded down $1.06 during trading on Friday, hitting $60.02. 175,234 shares of the company were exchanged, compared to its average volume of 134,493. The firm has a market capitalization of $18.22 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 0.46 and a beta of 1.42. POSCO has a 1-year low of $58.00 and a 1-year high of $98.00. The firm’s fifty day moving average price is $65.89 and its 200 day moving average price is $67.58. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45.
POSCO (NYSE:PKX – Get Free Report) last posted its earnings results on Thursday, July 25th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter. POSCO had a return on equity of 2.27% and a net margin of 1.91%. The company had revenue of $13.50 billion during the quarter. As a group, sell-side analysts expect that POSCO will post 4.99 earnings per share for the current fiscal year.
Hedge Funds Weigh In On POSCO
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.
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