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

LG Display Co., Ltd. (NYSE:LPL)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $4.29, but opened at $3.98. LG Display shares last traded at $4.0650, with a volume of 511,868 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd. Zacks Research cut LG Display from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th. Finally, Wall Street Zen lowered LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce”.

LG Display Stock Up 0.9%

The stock has a market cap of $4.12 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.86 and a beta of 1.48. The business’s 50 day moving average is $4.25 and its 200-day moving average is $4.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.73.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Friday, February 13th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. The company had revenue of $4.61 billion for the quarter. On average, sell-side analysts predict that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

Institutional investors have recently bought and sold shares of the company. Ausdal Financial Partners Inc. purchased a new stake in LG Display during the 4th quarter worth approximately $43,000. Savant Capital LLC purchased a new position in shares of LG Display in the third quarter valued at approximately $54,000. Creative Planning purchased a new position in shares of LG Display in the second quarter valued at approximately $39,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of LG Display in the third quarter worth approximately $63,000. Finally, Cetera Investment Advisers purchased a new stake in shares of LG Display during the fourth quarter worth approximately $52,000.

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.