LG Display (NYSE:LPL) Shares Gap Down – Time to Sell?

LG Display Co., Ltd. (NYSE:LPL) gapped down before the market opened on Friday . The stock had previously closed at $5.58, but opened at $5.10. LG Display shares last traded at $5.0730, with a volume of 333,503 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LPL shares. Zacks Research lowered shares of LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, January 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised LG Display from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

LG Display Stock Down 9.8%

The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.73. The firm has a market capitalization of $5.04 billion, a P/E ratio of 26.50, a P/E/G ratio of 0.75 and a beta of 1.54. The stock has a fifty day moving average price of $4.26 and a two-hundred day moving average price of $4.52.

LG Display (NYSE:LPL) last released its quarterly earnings data on Friday, February 13th. The electronics maker reported ($0.14) EPS for the quarter. LG Display had a return on equity of 3.26% and a net margin of 0.98%.The business had revenue of $4.61 billion during the quarter. Research analysts forecast that LG Display Co., Ltd. will post 0.59 EPS for the current year.

Hedge Funds Weigh In On LG Display

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in LG Display by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,826,043 shares of the electronics maker’s stock worth $19,973,000 after buying an additional 15,767 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 worth $10,174,000 after acquiring an additional 1,040,826 shares during the period. American Century Companies Inc. increased its holdings in shares of LG Display by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock worth $5,166,000 after acquiring an additional 161,409 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in LG Display in the 3rd quarter valued at about $7,862,000. Finally, State Street Corp boosted its stake in LG Display by 5.1% during the 4th quarter. State Street Corp now owns 804,268 shares of the electronics maker’s stock valued at $3,386,000 after purchasing an additional 38,755 shares during the period.

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.