POSCO (NYSE:PKX) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of POSCO (NYSE:PKX – Get Rating) in a research report released on Thursday morning. The firm issued a hold rating on the basic materials company’s stock.

Separately, TheStreet upgraded shares of POSCO from a c+ rating to a b- rating in a research note on Friday, November 18th.

POSCO Trading Down 2.0 %

PKX opened at $60.82 on Thursday. The firm has a market capitalization of $18.40 billion, a P/E ratio of 5.24 and a beta of 1.16. The firm’s 50 day moving average is $61.70 and its 200-day moving average is $52.96. POSCO has a 52-week low of $36.53 and a 52-week high of $66.18. The company has a quick ratio of 1.39, a current ratio of 2.05 and a debt-to-equity ratio of 0.21.

Institutional Trading of POSCO

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. OLD Mission Capital LLC bought a new stake in shares of POSCO in the fourth quarter worth $158,000. DGS Capital Management LLC bought a new stake in shares of POSCO in the fourth quarter worth $284,000. CI Private Wealth LLC bought a new stake in shares of POSCO in the fourth quarter worth $772,000. Atlas Capital Advisors LLC increased its stake in shares of POSCO by 1,112.6% in the fourth quarter. Atlas Capital Advisors LLC now owns 4,608 shares of the basic materials company’s stock worth $251,000 after buying an additional 4,228 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in shares of POSCO by 229.5% in the fourth quarter. Jane Street Group LLC now owns 34,644 shares of the basic materials company’s stock worth $1,887,000 after buying an additional 24,130 shares during the last quarter. Institutional investors own 3.34% of the company’s stock.

POSCO Company Profile

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POSCO Holdings Inc engages in the production of steel products. It operates through the following divisions: Steel, Engineering & Construction and Trading. The Steel division produces cold rolled, hot rolled and stainless steel products, plates, wire rods and silicon steel sheets. The Engineering & Construction division engages in the planning, designing and construction of industrial plants, civil engineering projects, commercial and residential buildings.