LG Display (NYSE:LPL) Stock Rating Lowered by Zacks Research

LG Display (NYSE:LPL) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Thursday,Zacks.com reports.

Separately, Weiss Ratings cut shares of LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Sell”.

LG Display Price Performance

LG Display stock opened at $3.17 on Thursday. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.34 and a quick ratio of 0.22. The business has a 50 day simple moving average of $4.27 and a 200-day simple moving average of $4.30. LG Display has a 12 month low of $3.16 and a 12 month high of $5.83. The stock has a market capitalization of $3.17 billion, a PE ratio of -158.75 and a beta of 1.65.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Wednesday, July 1st. The electronics maker reported ($0.26) earnings per share for the quarter. The firm had revenue of $3.62 billion during the quarter. LG Display had a negative net margin of 0.18% and a negative return on equity of 0.68%. Equities analysts predict that LG Display will post -0.28 earnings per share for the current year.

Institutional Investors Weigh In On LG Display

Several institutional investors have recently made changes to their positions in LPL. Cetera Investment Advisers grew its stake in shares of LG Display by 18.8% during the 1st quarter. Cetera Investment Advisers now owns 14,580 shares of the electronics maker’s stock worth $57,000 after purchasing an additional 2,308 shares during the period. CWM LLC increased its holdings in shares of LG Display by 14.4% in the 4th quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock valued at $116,000 after purchasing an additional 3,469 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of LG Display by 4.6% in the second quarter. GAMMA Investing LLC now owns 87,102 shares of the electronics maker’s stock valued at $339,000 after purchasing an additional 3,808 shares during the period. Inspire Investing LLC lifted its stake in shares of LG Display by 30.0% in the first quarter. Inspire Investing LLC now owns 20,153 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 4,654 shares during the period. Finally, Diversified Trust Co. boosted its holdings in LG Display by 34.1% during the fourth quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker’s stock worth $78,000 after buying an additional 4,723 shares in 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.