POSCO (NYSE:PKX) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• Shares passed above its 200-day moving average (200‑day MA $56.39), trading as high as $63.94 and last at $63.54 on volume ~190,000, signaling a technical breakout.
• Analyst sentiment and fundamentals are mixed: the consensus rating is "Hold" (Weiss Ratings reaffirmed a "sell (d+)"), and POSCO reported a large quarterly EPS miss (‑$0.61 vs. $0.45) despite a high P/E of 48.14 and thin net margin/low ROE.

Shares of POSCO (NYSE:PKX - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $56.39 and traded as high as $63.94. POSCO shares last traded at $63.5410, with a volume of 190,035 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of POSCO in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold".

POSCO Stock Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.29 and a current ratio of 1.88. The stock has a market cap of $19.22 billion, a price-to-earnings ratio of 48.14, a P/E/G ratio of 0.34 and a beta of 1.43. The stock has a fifty day simple moving average of $61.64 and a two-hundred day simple moving average of $56.39.

POSCO (NYSE:PKX - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The basic materials company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.45 by ($1.06). POSCO had a net margin of 0.97% and a return on equity of 1.09%. The firm had revenue of $10.61 billion for the quarter, compared to analyst estimates of $11.85 billion. Analysts expect that POSCO will post 3.74 EPS for the current fiscal year.

Institutional Investors Weigh In On POSCO

Hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of POSCO during the 4th quarter valued at $25,000. Founders Capital Management boosted its holdings in shares of POSCO by 100.0% during the 3rd quarter. Founders Capital Management now owns 600 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 300 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of POSCO by 51.6% during the 3rd quarter. Allworth Financial LP now owns 682 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 232 shares in the last quarter. Headlands Technologies LLC boosted its holdings in shares of POSCO by 1,276.9% during the 2nd quarter. Headlands Technologies LLC now owns 1,432 shares of the basic materials company's stock valued at $69,000 after acquiring an additional 1,328 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in shares of POSCO during the 4th quarter valued at $85,000.

POSCO Company Profile

POSCO NYSE: PKX is a South Korea–based integrated steel producer founded in 1968 as Pohang Iron and Steel Company. Headquartered in Pohang, the company grew rapidly as part of South Korea's industrialization program and developed large, integrated steelworks—most notably in Pohang and Gwangyang—that helped establish POSCO among the world's largest steelmakers. It is structured as a diversified industrial group with steelmaking at its core and a range of downstream and trading businesses.

The company's primary activities include ironmaking and steelmaking, producing a wide array of steel products such as hot-rolled and cold-rolled sheets, coated steels, plates, stainless and special steels, long products (bars and wire rods), and seamless pipes.

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