Somewhat Positive News Coverage Somewhat Unlikely to Affect POSCO (PKX) Share Price

Media coverage about POSCO (NYSE:PKX) has trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. POSCO earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 46.5366586800129 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of PKX traded down $0.51 during trading hours on Friday, reaching $82.98. 99,003 shares of the company traded hands, compared to its average volume of 149,274. The firm has a market capitalization of $26.72 billion, a P/E ratio of 10.71, a P/E/G ratio of 1.74 and a beta of 1.35. POSCO has a 12-month low of $58.50 and a 12-month high of $93.12. The company has a current ratio of 1.63, a quick ratio of 1.08 and a debt-to-equity ratio of 0.21.

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Separately, ValuEngine raised shares of POSCO from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $98.00.

POSCO Company Profile

POSCO manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, steel plates, wire rods, galvanized and electrical galvanized steel, electrical and stainless steel, automotive materials, titanium, magnesium, and aluminum-plated products.

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