LG Display (NYSE:LPL) Shares Gap Up – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPL)’s share price gapped up prior to trading on Friday . The stock had previously closed at $4.23, but opened at $4.41. LG Display shares last traded at $4.4640, with a volume of 361,332 shares.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LPL. Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Wall Street Zen cut shares of LG Display from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce”.

LG Display Price Performance

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 firm’s fifty day moving average price is $4.18 and its two-hundred day moving average price is $4.46. The stock has a market capitalization of $4.49 billion, a PE ratio of 23.61, a PEG ratio of 1.95 and a beta of 1.56.

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

Institutional Trading of LG Display

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ausdal Financial Partners Inc. purchased a new stake in LG Display during the fourth quarter valued at approximately $43,000. Savant Capital LLC bought a new position in shares of LG Display in the third quarter worth approximately $54,000. Creative Planning bought a new position in shares of LG Display in the second quarter worth approximately $39,000. Mercer Global Advisors Inc. ADV bought a new position in shares of LG Display in the third quarter worth approximately $63,000. Finally, Cetera Investment Advisers bought a new position in shares of LG Display in the fourth quarter worth approximately $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.