LG Display (NYSE:LPL) Sets New 52-Week Low After Analyst Downgrade

LG Display Co., Ltd. (NYSE:LPL) shares reached a new 52-week low during trading on Friday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The company traded as low as $3.16 and last traded at $3.1750, with a volume of 2869965 shares traded. The stock had previously closed at $3.37.

Separately, Weiss Ratings downgraded LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd. One analyst has 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 stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of LPL. Dimensional Fund Advisors LP increased its position in shares of LG Display by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 3,826,043 shares of the electronics maker’s stock worth $19,973,000 after acquiring an additional 15,767 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in 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 acquiring an additional 1,040,826 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in LG Display in the 3rd quarter valued at $7,862,000. State Street Corp boosted its stake in LG Display by 5.1% in the 4th quarter. State Street Corp now owns 804,268 shares of the electronics maker’s stock worth $3,386,000 after purchasing an additional 38,755 shares during the period. Finally, Millennium Management LLC boosted its stake in LG Display by 92.1% in the 4th quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock worth $3,268,000 after purchasing an additional 372,199 shares during the period.

LG Display Stock Performance

The stock has a fifty day simple moving average of $4.27 and a 200-day simple moving average of $4.30. The stock has a market cap of $3.17 billion, a P/E ratio of -158.75 and a beta of 1.65. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.22 and a current ratio of 0.34.

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

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.