Posco (NYSE:PKX) shares traded up 2.8% during trading on Tuesday . The company traded as high as $49.77 and last traded at $49.39, with a volume of 113,716 shares trading hands. The stock had previously closed at $48.06.

A number of research analysts have recently commented on the stock. HSBC downgraded shares of Posco from a “hold” rating to a “reduce” rating in a research report on Friday, April 15th. Deutsche Bank AG downgraded shares of Posco from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Credit Agricole SA downgraded shares of Posco from an “outperform” rating to a “sell” rating in a report on Monday, May 9th. Macquarie raised shares of Posco from a “neutral” rating to an “outperform” rating in a report on Thursday, July 21st. Finally, Zacks Investment Research downgraded shares of Posco from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Two equities research 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 company has a 50 day moving average of $46.81 and a 200 day moving average of $45.05. The company has a market capitalization of $15.73 billion and a price-to-earnings ratio of 109.85.

Other hedge funds and institutional investors recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of 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 in the last quarter. Deere & Co. increased 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 increased 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 increased 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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