LG Display (NYSE:LPL) Shares Down 4.7% – What’s Next?

LG Display Co., Ltd. (NYSE:LPL) traded down 4.7% during mid-day trading on Tuesday . The company traded as low as $4.67 and last traded at $4.7250. 217,384 shares traded hands during trading, a decline of 86% from the average session volume of 1,590,075 shares. The stock had previously closed at $4.96.

Analyst Upgrades and Downgrades

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

LG Display Stock Performance

The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.22 and a current ratio of 0.34. The company has a market capitalization of $4.32 billion, a price-to-earnings ratio of -215.75 and a beta of 1.61. The stock’s 50-day moving average price is $4.66 and its 200-day moving average price is $4.39.

LG Display (NYSE:LPL) last issued its quarterly earnings data on Friday, May 15th. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.17). LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%.The company had revenue of $3.78 billion for the quarter. As a group, equities research analysts expect that LG Display Co., Ltd. will post -0.21 earnings per share for the current year.

Institutional Trading of LG Display

Several hedge funds and other institutional investors have recently bought and sold shares of LPL. Arrowstreet Capital Limited Partnership purchased a new stake in LG Display in the 3rd quarter worth approximately $7,862,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of LG Display by 114.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock valued at $10,174,000 after buying an additional 1,040,826 shares during the period. Millennium Management LLC grew its stake in shares of LG Display by 92.1% during the 4th quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock valued at $3,268,000 after buying an additional 372,199 shares during the period. Corient Private Wealth LLC grew its stake in shares of LG Display by 125.0% during the 4th quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock valued at $2,667,000 after buying an additional 352,248 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of LG Display by 792.0% during the 3rd quarter. Two Sigma Investments LP now owns 175,839 shares of the electronics maker’s stock valued at $918,000 after buying an additional 156,126 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.