LG Display (NYSE:LPL) Shares Gap Down – Should You Sell?

LG Display Co., Ltd. (NYSE:LPL) gapped down prior to trading on Wednesday . The stock had previously closed at $5.41, but opened at $4.88. LG Display shares last traded at $4.8450, with a volume of 208,386 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on LPL. Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings lowered LG Display from a “sell (d)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. Finally, Wall Street Zen lowered LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce”.

LG Display Trading Up 3.0%

The company’s 50 day simple moving average is $4.45 and its 200 day simple moving average is $4.34. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of -251.35 and a beta of 1.53. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.34 and a quick ratio of 0.22.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ausdal Financial Partners Inc. purchased a new position in LG Display in the fourth quarter worth approximately $43,000. Savant Capital LLC acquired a new position in shares of LG Display during the third quarter worth $54,000. Simplicity Wealth LLC acquired a new position in shares of LG Display during the first quarter worth $41,000. Creative Planning acquired a new position in shares of LG Display during the second quarter worth $39,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of LG Display during the first quarter worth $46,000.

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.