Posco (NYSE:PKX) fell 4.7% on Tuesday . The stock traded as low as $47.54 and last traded at $47.55, with a volume of 152,447 shares changing hands. The stock had previously closed at $49.87.

Several research analysts have commented on the stock. Macquarie upgraded shares of Posco from a “neutral” rating to an “outperform” rating in a report on Thursday. Deutsche Bank AG lowered shares of Posco from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Credit Agricole SA upgraded shares of Posco from a “sell” rating to an “underperform” rating in a report on Monday, June 27th. Zacks Investment Research lowered shares of Posco from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Finally, HSBC lowered 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, three have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold”.

The firm has a market capitalization of $15.35 billion and a P/E ratio of 109.17. The stock has a 50-day moving average of $45.22 and a 200 day moving average of $43.64.

A number of hedge funds and institutional investors have recently bought and sold shares of PKX. Dimensional Fund Advisors LP raised its position in Posco by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,380,207 shares of the company’s stock valued at $119,533,000 after buying an additional 21,812 shares during the last quarter. Deere & Co. raised its position in Posco by 20.2% in the fourth quarter. Deere & Co. now owns 29,024 shares of the company’s stock valued at $1,026,000 after buying an additional 4,881 shares during the last quarter. Morgan Stanley raised its position in Posco by 7.2% in the fourth quarter. Morgan Stanley now owns 346,582 shares of the company’s stock valued at $12,255,000 after buying an additional 23,138 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position 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 valued at $8,388,000 after buying an additional 3,160 shares during 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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