LG Display (NYSE:LPL) Stock Price Down 7.9% – Here’s What Happened

Shares of LG Display Co., Ltd. (NYSE:LPL) were down 7.9% during mid-day trading on Wednesday . The stock traded as low as $4.15 and last traded at $4.20. Approximately 461,398 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 856,431 shares. The stock had previously closed at $4.56.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LPL. Zacks Research cut shares of LG Display from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Finally, Wall Street Zen raised shares of LG Display from a “hold” rating to a “buy” rating in a research note 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. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

LG Display Stock Down 6.4%

The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 1.14. The business’s 50-day moving average is $4.31 and its two-hundred day moving average is $4.53. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 22.47, a price-to-earnings-growth ratio of 0.70 and a beta of 1.48.

LG Display (NYSE:LPL) last issued its earnings results on Friday, February 13th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $4.61 billion during the quarter. LG Display had a return on equity of 3.26% and a net margin of 0.98%. Equities analysts anticipate that LG Display Co., Ltd. will post 0.59 EPS for the current year.

Institutional Trading of LG Display

A number of institutional investors have recently bought and sold shares of LPL. Creative Planning acquired a new position in LG Display in the second quarter valued at $39,000. Ausdal Financial Partners Inc. acquired a new position in LG Display during the fourth quarter worth $43,000. XTX Topco Ltd purchased a new position in shares of LG Display in the 2nd quarter valued at about $46,000. Cetera Investment Advisers acquired a new stake in LG Display in the 4th quarter valued at about $52,000. Finally, Sei Investments Co. purchased a new stake in shares of LG Display in the second quarter valued at about $52,000.

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.