POSCO (NYSE:PKX) Upgraded at StockNews.com

POSCO (NYSE:PKX) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Thursday.

POSCO Price Performance

Shares of NYSE:PKX traded up $2.23 during mid-day trading on Thursday, reaching $70.13. The company had a trading volume of 106,008 shares, compared to its average volume of 113,245. The company has a current ratio of 2.11, a quick ratio of 1.48 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $79.50 and its 200-day moving average price is $85.10. POSCO has a one year low of $67.42 and a one year high of $133.09.

POSCO (NYSE:PKX) last issued its earnings results on Wednesday, February 21st. The basic materials company reported ($0.52) earnings per share (EPS) for the quarter. POSCO had a net margin of 2.45% and a return on equity of 3.02%. The business had revenue of $14.15 billion for the quarter. As a group, sell-side analysts expect that POSCO will post 4.79 earnings per share for the current year.

Institutional Investors Weigh In On POSCO

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bruce G. Allen Investments LLC bought a new stake in POSCO during the 4th quarter valued at $25,000. GAMMA Investing LLC purchased a new position in shares of POSCO during the 4th quarter valued at $26,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of POSCO during the 4th quarter valued at $31,000. Tower Research Capital LLC TRC purchased a new position in shares of POSCO during the 3rd quarter valued at $35,000. Finally, Captrust Financial Advisors grew its position in shares of POSCO by 56.5% during the 1st quarter. Captrust Financial Advisors now owns 557 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 201 shares in the last quarter.

POSCO Company Profile

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.