StockNews.com lowered shares of POSCO (NYSE:PKX – Free Report) from a buy rating to a hold rating in a report issued on Friday morning.
POSCO Stock Performance
Shares of PKX opened at $74.10 on Friday. POSCO has a fifty-two week low of $67.42 and a fifty-two week high of $133.09. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.11 and a quick ratio of 1.48. The business has a 50-day moving average of $77.89 and a 200 day moving average of $83.73.
POSCO (NYSE:PKX – Get Free Report) last posted its earnings results on Wednesday, February 21st. The basic materials company reported ($0.52) earnings per share for the quarter. The business had revenue of $14.15 billion during the quarter. POSCO had a return on equity of 3.02% and a net margin of 2.45%. Analysts forecast that POSCO will post 4.65 earnings per share for the current fiscal year.
POSCO Announces Dividend
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC purchased a new stake in shares of POSCO in the fourth quarter worth about $25,000. GAMMA Investing LLC bought a new stake in POSCO during the 4th quarter worth approximately $26,000. Benjamin F. Edwards & Company Inc. purchased a new stake in POSCO in the 4th quarter worth approximately $31,000. Paradigm Asset Management Co. LLC boosted its holdings in POSCO by 187.5% in the 3rd quarter. Paradigm Asset Management Co. LLC now owns 1,150 shares of the basic materials company’s stock valued at $118,000 after purchasing an additional 750 shares during the period. Finally, CWM LLC grew its position in shares of POSCO by 13.2% during the 4th quarter. CWM LLC now owns 1,301 shares of the basic materials company’s stock valued at $124,000 after purchasing an additional 152 shares in the last quarter.
About POSCO
POSCO Holdings Inc, together with its subsidiaries, manufactures and sells iron and steel rolled products in South Korea and internationally. It operates in two segments Steel and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized steel, electrical steel, stainless steel, and titanium.
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