Stock Traders Buy High Volume of Put Options on LG Display (NYSE:LPL)
LG Display Co Ltd. (NYSE:LPL) was the recipient of unusually large options trading on Wednesday. Traders purchased 1,000 put options on the company. This represents an increase of 1,308% compared to the typical volume of 71 put options.
LPL has been the subject of a number of research reports. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday. Daiwa Capital Markets cut LG Display from an “outperform” rating to a “neutral” rating in a report on Wednesday, April 24th. Finally, HSBC upgraded United Microelectronics from a “reduce” rating to a “hold” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. LG Display has an average rating of “Hold” and an average price target of $7.75.
LPL opened at $7.13 on Friday. The business has a 50-day moving average price of $7.23. LG Display has a 12-month low of $6.71 and a 12-month high of $10.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.71. The stock has a market cap of $5.15 billion, a PE ratio of -27.42 and a beta of 0.90.
About LG Display
LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.
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