POSCO (NYSE:PKX) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of POSCO (NYSE:PKX) from a hold rating to a buy rating in a research note issued to investors on Wednesday morning.

POSCO Price Performance

Shares of NYSE:PKX opened at $45.47 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 1.45 and a debt-to-equity ratio of 0.27. The stock has a market cap of $13.80 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 0.58 and a beta of 1.38. The stock’s fifty day simple moving average is $53.71 and its two-hundred day simple moving average is $61.69. POSCO has a 1-year low of $44.64 and a 1-year high of $96.98.

Institutional Trading of POSCO

Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new position in shares of POSCO during the 3rd quarter valued at approximately $2,082,000. Jane Street Group LLC lifted its stake in POSCO by 2,229.6% in the third quarter. Jane Street Group LLC now owns 80,160 shares of the basic materials company’s stock valued at $5,610,000 after purchasing an additional 76,719 shares during the last quarter. State Street Corp grew its holdings in POSCO by 1.6% during the third quarter. State Street Corp now owns 781,503 shares of the basic materials company’s stock valued at $54,697,000 after purchasing an additional 12,193 shares during the period. Quantinno Capital Management LP increased its position in POSCO by 73.2% in the third quarter. Quantinno Capital Management LP now owns 16,792 shares of the basic materials company’s stock worth $1,175,000 after buying an additional 7,095 shares during the last quarter. Finally, Recurrent Investment Advisors LLC raised its stake in shares of POSCO by 46.1% in the third quarter. Recurrent Investment Advisors LLC now owns 14,002 shares of the basic materials company’s stock valued at $980,000 after buying an additional 4,415 shares during the period.

POSCO Company Profile

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.