LG Display (NYSE:LPL) Shares Down 4.8% – What’s Next?

Shares of LG Display Co., Ltd. (NYSE:LPL) fell 4.8% during mid-day trading on Thursday . The stock traded as low as $3.62 and last traded at $3.6350. 417,905 shares were traded during trading, a decline of 76% from the average daily volume of 1,756,158 shares. The stock had previously closed at $3.82.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Weiss Ratings downgraded LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, LG Display currently has a consensus rating of “Reduce”.

LG Display Trading Up 1.0%

The company has a debt-to-equity ratio of 1.63, a current ratio of 0.34 and a quick ratio of 0.22. The business’s 50-day moving average price is $4.52 and its two-hundred day moving average price is $4.36. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of -185.75 and a beta of 1.65.

LG Display (NYSE:LPL) last issued its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.17). LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%.The company had revenue of $3.78 billion for the quarter. Research analysts predict that LG Display Co., Ltd. will post -0.21 earnings per share for the current year.

Institutional Trading of LG Display

Several large investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership bought a new position in LG Display in the 3rd quarter valued at about $7,862,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of LG Display by 114.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock worth $10,174,000 after acquiring an additional 1,040,826 shares in the last quarter. Millennium Management LLC increased its stake in LG Display by 92.1% in the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock valued at $3,268,000 after acquiring an additional 372,199 shares during the last quarter. Corient Private Wealth LLC increased its stake in LG Display by 125.0% in the fourth quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock valued at $2,667,000 after acquiring an additional 352,248 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in LG Display by 792.0% during the third quarter. Two Sigma Investments LP now owns 175,839 shares of the electronics maker’s stock valued at $918,000 after purchasing an additional 156,126 shares in the last quarter.

LG Display Company Profile

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.