LG Display (NYSE:LPL) Sees Strong Trading Volume – Here’s Why

LG Display Co., Ltd. (NYSE:LPL) saw an uptick in trading volume on Tuesday . Approximately 8,172,288 shares changed hands during trading, an increase of 352% from the previous session’s volume of 1,808,148 shares.The stock last traded at $3.4270 and had previously closed at $3.59.

Analyst Ratings Changes

LPL has been the topic of several research analyst reports. Weiss Ratings cut LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd. Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

LG Display Stock Up 1.0%

The firm has a market capitalization of $3.54 billion, a P/E ratio of -177.20 and a beta of 1.65. The company has a fifty day simple moving average of $4.47 and a 200 day simple moving average of $4.34. The company has a quick ratio of 0.22, a current ratio of 0.34 and a debt-to-equity ratio of 1.63.

LG Display (NYSE:LPL) last issued its 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). LG Display had a negative net margin of 0.18% and a negative return on equity of 0.68%. The business had revenue of $3.78 billion for the quarter. On average, equities analysts expect that LG Display Co., Ltd. will post -0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

A number of hedge funds have recently modified their holdings of the business. Cetera Investment Advisers boosted its stake in shares of LG Display by 18.8% during the first quarter. Cetera Investment Advisers now owns 14,580 shares of the electronics maker’s stock valued at $57,000 after purchasing an additional 2,308 shares in the last quarter. CWM LLC raised its stake in LG Display by 14.4% in the fourth quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock worth $116,000 after buying an additional 3,469 shares in the last quarter. GAMMA Investing LLC lifted its holdings in LG Display by 4.6% during the second quarter. GAMMA Investing LLC now owns 87,102 shares of the electronics maker’s stock worth $339,000 after buying an additional 3,808 shares during the period. Inspire Investing LLC lifted its holdings in LG Display by 30.0% during the first quarter. Inspire Investing LLC now owns 20,153 shares of the electronics maker’s stock worth $78,000 after buying an additional 4,654 shares during the period. Finally, Diversified Trust Co. boosted its position in LG Display by 34.1% during the 4th quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker’s stock valued at $78,000 after acquiring an additional 4,723 shares in the last quarter.

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.