POSCO (NYSE:PKX) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen cut shares of POSCO (NYSE:PKX) from a hold rating to a sell rating in a research report released on Saturday.

POSCO Stock Performance

NYSE:PKX opened at $47.71 on Friday. The firm’s fifty day moving average price is $45.65 and its 200 day moving average price is $46.05. POSCO has a 1-year low of $39.40 and a 1-year high of $74.01. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.35. The firm has a market cap of $14.48 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.14 and a beta of 1.35.

POSCO (NYSE:PKX) last posted its quarterly earnings data on Thursday, April 24th. The basic materials company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). POSCO had a net margin of 1.55% and a return on equity of 1.87%. The firm had revenue of $12 billion during the quarter, compared to analysts’ expectations of $12.12 billion. On average, sell-side analysts expect that POSCO will post 3.74 EPS for the current year.

Institutional Investors Weigh In On POSCO

Several institutional investors have recently made changes to their positions in PKX. Parvin Asset Management LLC purchased a new stake in shares of POSCO during the 4th quarter worth $29,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of POSCO during the 4th quarter worth $41,000. GAMMA Investing LLC boosted its position in shares of POSCO by 329.1% during the 1st quarter. GAMMA Investing LLC now owns 1,605 shares of the basic materials company’s stock worth $76,000 after purchasing an additional 1,231 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of POSCO by 938.0% during the 1st quarter. Brooklyn Investment Group now owns 2,647 shares of the basic materials company’s stock worth $126,000 after purchasing an additional 2,392 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its position in shares of POSCO by 10.2% during the 1st quarter. Lindbrook Capital LLC now owns 3,412 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 316 shares in the last quarter.

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.