Posco (NYSE:PKX) shares gapped up before the market opened on Monday . The stock had previously closed at $43.06, but opened at $43.99. Posco shares last traded at $45.00, with a volume of 102,311 shares traded.

PKX has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Posco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 29th. TheStreet raised shares of Posco from a “sell” rating to a “hold” rating in a research note on Wednesday, March 16th. Deutsche Bank AG cut shares of Posco from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. JPMorgan Chase & Co. raised shares of Posco from a “neutral” rating to an “overweight” rating in a research note on Tuesday, April 5th. Finally, HSBC cut shares of Posco from a “hold” rating to a “reduce” rating in a research note on Friday, April 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold”.

The stock’s 50 day moving average is $44.30 and its 200 day moving average is $43.13. The company has a market capitalization of $14.47 billion and a P/E ratio of 105.31.

Other hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Posco by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,380,207 shares of the company’s stock worth $119,533,000 after buying an additional 21,812 shares in the last quarter. Deere & Co. increased its stake in Posco by 20.2% in the fourth quarter. Deere & Co. now owns 29,024 shares of the company’s stock worth $1,026,000 after buying an additional 4,881 shares in the last quarter. Morgan Stanley increased its stake in Posco by 7.2% in the fourth quarter. Morgan Stanley now owns 346,582 shares of the company’s stock worth $12,255,000 after buying an additional 23,138 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in Posco by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 237,204 shares of the company’s stock worth $8,388,000 after buying an additional 3,160 shares in the last quarter.

POSCO is an integrated steel producer. The Company operates in four segments: steel segment, trading segment, construction segment and others segment. The steel segment includes production of steel products and sale of such products. The trading segment consists of global trading activities of Daewoo International, exporting and importing a range of steel products that are both obtained from and supplied to POSCO, as well as between other suppliers and purchasers in Korea and overseas.

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