POSCO (NYSE:PKX) Raised to Sell at ValuEngine

ValuEngine upgraded shares of POSCO (NYSE:PKX) from a strong sell rating to a sell rating in a research note published on Wednesday, June 26th, ValuEngine reports.

Separately, Zacks Investment Research cut shares of GasLog Partners LP Unit from a hold rating to a strong sell rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. POSCO has a consensus rating of Hold.

Shares of PKX stock traded down $0.08 during trading hours on Wednesday, hitting $49.63. The company’s stock had a trading volume of 96,394 shares, compared to its average volume of 182,185. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.24 and a current ratio of 1.83. The stock has a 50 day simple moving average of $51.30. POSCO has a 12-month low of $46.89 and a 12-month high of $74.95. The stock has a market cap of $17.83 billion, a PE ratio of 10.81 and a beta of 1.08.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of POSCO in the second quarter valued at about $330,000. Hexavest Inc. acquired a new stake in shares of POSCO in the second quarter valued at about $53,000. Crossmark Global Holdings Inc. raised its position in shares of POSCO by 7.6% in the second quarter. Crossmark Global Holdings Inc. now owns 28,504 shares of the basic materials company’s stock valued at $1,512,000 after buying an additional 2,020 shares during the last quarter. Daily Journal Corp raised its position in shares of POSCO by 9,900.0% in the second quarter. Daily Journal Corp now owns 974,500 shares of the basic materials company’s stock valued at $517,000 after buying an additional 964,755 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in shares of POSCO by 3,625.0% in the first quarter. Rehmann Capital Advisory Group now owns 745 shares of the basic materials company’s stock valued at $41,000 after purchasing an additional 725 shares during the period. Institutional investors and hedge funds own 4.56% of the company’s stock.

POSCO Company Profile

POSCO manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, wire rods, galvanized and electrical galvanized steel, steel plates, electrical and stainless steel, and titanium.

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