StockNews.com upgraded shares of POSCO (NYSE:PKX – Free Report) from a hold rating to a buy rating in a research report released on Friday.
POSCO Trading Down 1.7 %
Shares of PKX opened at $60.02 on Friday. POSCO has a 1-year low of $58.00 and a 1-year high of $98.00. The company has a market capitalization of $18.22 billion, a P/E ratio of 18.64, a P/E/G ratio of 0.46 and a beta of 1.42. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.03 and a quick ratio of 1.45. The firm’s 50 day simple moving average is $65.89 and its 200 day simple moving average is $67.58.
POSCO (NYSE:PKX – Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The basic materials company reported $1.14 earnings per share for the quarter. POSCO had a net margin of 1.91% and a return on equity of 2.27%. The firm had revenue of $13.50 billion for the quarter. Sell-side analysts forecast that POSCO will post 4.99 earnings per share for the current fiscal year.
Institutional Investors Weigh In On POSCO
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.
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