LG Display (NYSE:LPL) Hits New 52-Week Low – Should You Sell?

LG Display Co., Ltd. (NYSE:LPL) hit a new 52-week low during trading on Thursday . The stock traded as low as $2.76 and last traded at $2.7850, with a volume of 4758320 shares traded. The stock had previously closed at $2.93.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LPL shares. Weiss Ratings cut LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. Zacks Research lowered shares of LG Display from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

LG Display Stock Down 4.9%

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 stock has a market capitalization of $2.79 billion, a P/E ratio of -139.25 and a beta of 1.65. The firm has a 50 day moving average of $4.19 and a 200-day moving average of $4.27.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Wednesday, July 1st. The electronics maker reported ($0.26) EPS for the quarter. LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%.The firm had revenue of $3.62 billion during the quarter. On average, equities research analysts expect that LG Display Co., Ltd. will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new stake in LG Display during the third quarter worth $7,862,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of LG Display by 114.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock valued at $10,174,000 after buying an additional 1,040,826 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of LG Display by 92.1% during the 4th quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock worth $3,268,000 after acquiring an additional 372,199 shares during the period. Corient Private Wealth LLC lifted its holdings in shares of LG Display by 125.0% during the 4th quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock worth $2,667,000 after acquiring an additional 352,248 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of LG Display by 792.0% during the 3rd quarter. Two Sigma Investments LP now owns 175,839 shares of the electronics maker’s stock valued at $918,000 after acquiring an additional 156,126 shares in 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.