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

LG Display Co., Ltd. (NYSE:LPL) shares gapped down before the market opened on Friday . The stock had previously closed at $5.58, but opened at $5.10. LG Display shares last traded at $5.0730, with a volume of 333,503 shares trading hands.

Analyst Ratings Changes

A number of brokerages recently issued reports on LPL. Wall Street Zen raised LG Display from a “hold” rating to a “buy” rating in a report on Sunday, February 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of LG Display in a research report on Thursday, January 22nd. Finally, Zacks Research downgraded shares of LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, January 29th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce”.

LG Display Stock Down 9.8%

The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market cap of $5.04 billion, a P/E ratio of 26.50, a P/E/G ratio of 0.75 and a beta of 1.54. The stock has a 50 day moving average price of $4.26 and a 200 day moving average price of $4.52.

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

Institutional Trading of LG Display

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPL. Dimensional Fund Advisors LP increased its holdings in shares of LG Display by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,826,043 shares of the electronics maker’s stock valued at $19,973,000 after buying an additional 15,767 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of 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 worth $10,174,000 after acquiring an additional 1,040,826 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of LG Display by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock worth $5,166,000 after acquiring an additional 161,409 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of LG Display during the third quarter worth $7,862,000. Finally, State Street Corp lifted its holdings in shares of LG Display by 5.1% during the fourth quarter. State Street Corp now owns 804,268 shares of the electronics maker’s stock valued at $3,386,000 after purchasing an additional 38,755 shares during the last quarter.

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.