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

LG Display Co., Ltd. (NYSE:LPL)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $4.64, but opened at $4.37. LG Display shares last traded at $4.3850, with a volume of 221,045 shares.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wall Street Zen cut LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings upgraded LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. Finally, Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce”.

LG Display Stock Performance

The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of -220.75 and a beta of 1.61. The company has a current ratio of 0.34, a quick ratio of 0.22 and a debt-to-equity ratio of 1.63. The firm has a 50-day moving average of $4.75 and a 200-day moving average of $4.41.

LG Display (NYSE:LPL) last issued its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.17). The firm had revenue of $3.78 billion for the quarter. LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%. As a group, sell-side analysts predict that LG Display Co., Ltd. will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On LG Display

A number of institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning purchased a new stake in LG Display in the second quarter valued at approximately $39,000. Simplicity Wealth LLC acquired a new stake in LG Display during the 1st quarter valued at approximately $41,000. Ausdal Financial Partners Inc. purchased a new stake in shares of LG Display in the 4th quarter valued at $43,000. Allspring Global Investments Holdings LLC acquired a new position in shares of LG Display in the 1st quarter valued at about $46,000. Finally, XTX Topco Ltd purchased a new stake in shares of LG Display in the second quarter worth about $46,000.

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.