POSCO Hits New 52-Week High at $81.37 (PKX)
POSCO (NYSE:PKX) hit a new 52-week high on Monday , StockRatingsNetwork.com reports. The stock traded as high as $81.37 and last traded at $81.15, with a volume of 138,719 shares trading hands. The stock had previously closed at $79.80.
A number of analysts have recently weighed in on PKX shares. Analysts at Zacks reiterated a “neutral” rating on shares of POSCO in a research note on Thursday, July 3rd. They now have a $78.00 price target on the stock. Analysts at Bank of America initiated coverage on shares of POSCO in a research note on Wednesday, June 11th. They set a “buy” rating on the stock.
The stock has a 50-day moving average of $73.25 and a 200-day moving average of $71.23. The company has a market cap of $25.971 billion and a price-to-earnings ratio of 22.67.
POSCO is an integrated steel producer in Korea. It produced approximately 31.7 million tons of crude steel during the year ended December 31, 2009, a substantial portion of which was produced at Pohang Works and Gwangyang Works.
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