Posco (NYSE:PKX) shares rose 3.9% during trading on Tuesday . The company traded as high as $50.09 and last traded at $50.05, with a volume of 164,810 shares trading hands. The stock had previously closed at $48.17.

PKX has been the topic of a number of research analyst reports. Deutsche Bank AG cut Posco from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Credit Agricole SA cut Posco from an “outperform” rating to a “sell” rating in a research note on Monday, May 9th. JPMorgan Chase & Co. raised Posco from a “neutral” rating to an “overweight” rating in a research note on Tuesday, April 5th. Zacks Investment Research raised Posco from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 29th. Finally, Macquarie raised Posco from a “neutral” rating to an “outperform” rating in a research note on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Posco has an average rating of “Hold”.

The stock’s 50-day moving average price is $45.54 and its 200 day moving average price is $43.99. The company has a market cap of $16.04 billion and a PE ratio of 114.69.

Other hedge funds and institutional investors recently bought and sold shares of the company. New York State Common Retirement Fund boosted 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 worth $8,388,000 after buying an additional 3,160 shares in the last quarter. Deere & Co. boosted its position 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. Dimensional Fund Advisors LP boosted 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 worth $119,533,000 after buying an additional 21,812 shares in the last quarter. Finally, Morgan Stanley boosted its position 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.

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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