LG Display (NYSE:LPL) Shares Gap Down – Here’s Why

LG Display Co., Ltd. (NYSE:LPL)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $4.62, but opened at $4.35. LG Display shares last traded at $4.3750, with a volume of 373,309 shares.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LPL. Wall Street Zen lowered shares of LG Display from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings raised shares of LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 4th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

LG Display Stock Performance

The company has a market capitalization of $4.54 billion, a P/E ratio of -226.75 and a beta of 1.61. The business has a 50-day moving average of $4.68 and a 200-day moving average of $4.39. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.34 and a quick ratio of 0.22.

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

Institutional Trading of LG Display

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Plan A Wealth LLC increased its stake in LG Display by 21.4% in the third quarter. Plan A Wealth LLC now owns 13,002 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 2,296 shares during the period. Cetera Investment Advisers increased its stake in LG Display by 18.8% in the first quarter. Cetera Investment Advisers now owns 14,580 shares of the electronics maker’s stock worth $57,000 after purchasing an additional 2,308 shares during the period. CWM LLC increased its stake in LG Display by 14.4% in the fourth quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock worth $116,000 after purchasing an additional 3,469 shares during the period. Inspire Investing LLC increased its stake in LG Display by 30.0% in the first quarter. Inspire Investing LLC now owns 20,153 shares of the electronics maker’s stock worth $78,000 after purchasing an additional 4,654 shares during the period. Finally, Diversified Trust Co. increased its stake in shares of LG Display by 34.1% during the fourth quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker’s stock valued at $78,000 after buying an additional 4,723 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.