POSCO (NYSE:PKX) Stock Crosses Above 200-Day Moving Average – Should You Sell?

POSCO (NYSE:PKX) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $51.05 and traded as high as $55.22. POSCO shares last traded at $55.0710, with a volume of 108,798 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PKX shares. Weiss Ratings restated a “sell (d+)” rating on shares of POSCO in a research note on Wednesday, October 8th. Wall Street Zen raised POSCO from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, UBS Group upgraded shares of POSCO from a “strong sell” rating to a “hold” rating in a report on Thursday, August 21st. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

POSCO Price Performance

The stock has a 50 day moving average of $51.40 and a 200-day moving average of $51.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.41 and a current ratio of 1.96. The company has a market cap of $16.71 billion, a PE ratio of 74.42, a price-to-earnings-growth ratio of 0.41 and a beta of 1.51.

POSCO (NYSE:PKX) last announced its quarterly earnings data on Monday, October 27th. The basic materials company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. POSCO had a return on equity of 0.74% and a net margin of 0.64%.The business had revenue of $12.06 billion for the quarter, compared to analyst estimates of $12.41 billion. Equities analysts predict that POSCO will post 3.74 earnings per share for the current year.

Institutional Trading of POSCO

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new stake in shares of POSCO in the second quarter worth $66,000. Headlands Technologies LLC boosted its holdings in POSCO by 1,276.9% in the second quarter. Headlands Technologies LLC now owns 1,432 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 1,328 shares during the last quarter. MAI Capital Management acquired a new stake in POSCO during the 2nd quarter worth about $73,000. Hantz Financial Services Inc. raised its stake in shares of POSCO by 604.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,642 shares of the basic materials company’s stock valued at $80,000 after buying an additional 1,409 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of POSCO in the 2nd quarter valued at about $95,000.

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.