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

PKX has been the topic of a number of recent research reports. Deutsche Bank AG cut shares of Posco from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Credit Agricole SA raised shares of Posco from a “sell” rating to an “underperform” rating in a report on Monday, June 27th. Macquarie raised shares of Posco from a “neutral” rating to an “outperform” rating in a report on Thursday, July 21st. Zacks Investment Research cut shares of Posco from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Finally, HSBC cut shares of Posco from a “hold” rating to a “reduce” rating in a report on Friday, April 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Posco presently has a consensus rating of “Hold”.

The company’s 50 day moving average is $47.08 and its 200 day moving average is $45.28. The stock has a market cap of $15.62 billion and a P/E ratio of 109.09.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Deere & Co. increased its position in shares of 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 period. New York State Common Retirement Fund increased its position in shares of 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 period. Morgan Stanley increased its position in shares of 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 period. Finally, Dimensional Fund Advisors LP increased 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 during the period.

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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