Posco (NYSE:PKX)’s share price dropped 2% during trading on Monday . The company traded as low as $48.08 and last traded at $48.31, with a volume of 180,183 shares traded. The stock had previously closed at $49.32.

PKX has been the topic of several research reports. HSBC lowered shares of Posco from a “hold” rating to a “reduce” rating in a report on Friday, April 15th. 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 lowered shares of Posco from an “outperform” rating to a “sell” rating in a report on Monday, May 9th. Zacks Investment Research lowered shares of Posco from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Finally, Macquarie raised shares of Posco from a “neutral” rating to an “outperform” rating in a report on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold”.

The stock has a market cap of $15.38 billion and a price-to-earnings ratio of 107.04. The stock has a 50-day moving average of $46.81 and a 200-day moving average of $45.05.

A number of institutional investors have recently bought and sold shares of the stock. 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. 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. 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, 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.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.