POSCO (NYSE:PKX) Upgraded at StockNews.com

StockNews.com upgraded shares of POSCO (NYSE:PKX) from a hold rating to a buy rating in a research report report published on Tuesday morning.

POSCO Stock Performance

NYSE PKX opened at $52.38 on Tuesday. The company’s 50 day moving average is $64.64 and its 200-day moving average is $66.32. The firm has a market cap of $15.90 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 0.64 and a beta of 1.44. POSCO has a 12-month low of $51.56 and a 12-month high of $96.98. The company has a quick ratio of 1.45, a current ratio of 2.03 and a debt-to-equity ratio of 0.27.

Hedge Funds Weigh In On POSCO

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new position in POSCO during the 1st quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC bought a new position in shares of POSCO in the third quarter worth about $49,000. GAMMA Investing LLC lifted its stake in POSCO by 138.0% in the 3rd quarter. GAMMA Investing LLC now owns 871 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 505 shares in the last quarter. CWM LLC increased its position in POSCO by 22.9% in the second quarter. CWM LLC now owns 2,004 shares of the basic materials company’s stock worth $132,000 after purchasing an additional 373 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of POSCO by 1,788.4% in the 1st quarter. Quantbot Technologies LP now owns 2,927 shares of the basic materials company’s stock worth $230,000 after purchasing an additional 2,772 shares during the period.

About POSCO

POSCO Holdings Inc, together with its subsidiaries, operates as an integrated steel producer in Korea and internationally. It operates through six segments: Steel, Trading, Construction, Logistics and Others, Green Materials and Energy, and Others. The company engages in the production, import, sale, and export of steel products, such as hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets, as well as pig iron, billets, blooms, and slabs; trading of steel and raw materials, textiles, agricultural commodities, and other goods; natural resources development and power generation activities; and planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings.