LG Display (NYSE:LPL) Reaches New 52-Week High – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPL)’s share price reached a new 52-week high on Thursday . The stock traded as high as $5.67 and last traded at $5.5650, with a volume of 230331 shares changing hands. The stock had previously closed at $5.35.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LPL shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Zacks Research lowered LG Display from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th. Finally, Wall Street Zen upgraded LG Display from a “hold” rating to a “buy” rating in a report on Sunday. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

LG Display Stock Performance

The company has a fifty day moving average of $4.23 and a two-hundred day moving average of $4.51. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 0.72 and a beta of 1.54. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.73.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Wednesday, January 28th. The electronics maker reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.41). LG Display had a net margin of 0.98% and a return on equity of 3.26%. The company had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5 billion. As a group, equities research analysts predict that LG Display Co., Ltd. will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of LG Display

Several institutional investors have recently added to or reduced their stakes in LPL. Verdence Capital Advisors LLC raised its stake in shares of LG Display by 14.6% in the third quarter. Verdence Capital Advisors LLC now owns 16,125 shares of the electronics maker’s stock worth $80,000 after purchasing an additional 2,060 shares during the last quarter. Plan A Wealth LLC boosted its position in LG Display by 21.4% in the third quarter. Plan A Wealth LLC now owns 13,002 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 2,296 shares during the last quarter. CWM LLC grew its stake in LG Display by 14.4% in the 4th quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock valued at $116,000 after purchasing an additional 3,469 shares during the period. Diversified Trust Co. grew its stake in LG Display by 34.1% in the 4th quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 4,723 shares during the period. Finally, Ieq Capital LLC increased its position in shares of LG Display by 4.2% during the 4th quarter. Ieq Capital LLC now owns 120,985 shares of the electronics maker’s stock valued at $509,000 after purchasing an additional 4,870 shares during the last quarter.

About LG Display

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.