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

LG Display Co., Ltd. (NYSE:LPL) shares gapped down prior to trading on Monday . The stock had previously closed at $4.01, but opened at $3.81. LG Display shares last traded at $3.8250, with a volume of 1,381,625 shares traded.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of LG Display from a “buy” rating to a “hold” rating in a research note 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 reaffirmed a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

LG Display Stock Performance

The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $3.93 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.82 and a beta of 1.56. The company’s fifty day simple moving average is $4.17 and its 200 day simple moving average is $4.46.

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

Institutional Investors Weigh In On LG Display

Several hedge funds have recently added to or reduced their stakes in the stock. Creative Planning bought a new position in shares of LG Display in the second quarter worth approximately $39,000. Ausdal Financial Partners Inc. bought a new position in LG Display during the fourth quarter valued at approximately $43,000. XTX Topco Ltd purchased a new stake in LG Display during the second quarter valued at approximately $46,000. Cetera Investment Advisers purchased a new stake in LG Display during the fourth quarter valued at approximately $52,000. Finally, Sei Investments Co. purchased a new stake in LG Display during the second quarter valued at approximately $52,000.

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.