LG Display (NYSE:LPL) Hits New 12-Month Low – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPL)’s stock price hit a new 52-week low during trading on Friday. The company traded as low as $2.56 and last traded at $2.5650, with a volume of 768,792 shares traded. The stock had previously closed at $2.71.

Wall Street Analyst Weigh In

LPL has been the subject of several recent research reports. Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Weiss Ratings upgraded shares of LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, LG Display has a consensus rating of “Reduce”.

LG Display Trading Down 4.2%

The company has a quick ratio of 0.37, a current ratio of 0.63 and a debt-to-equity ratio of 0.96. The company’s 50-day moving average is $3.00 and its 200 day moving average is $3.88. The company has a market cap of $2.60 billion, a price-to-earnings ratio of -2.85 and a beta of 1.73.

LG Display (NYSE:LPL) last issued its quarterly earnings data on Friday, October 30th. The electronics maker reported $0.55 EPS for the quarter. The company had revenue of $4.62 billion for the quarter. LG Display had a negative return on equity of 19.82% and a negative net margin of 5.26%. Research analysts predict that LG Display Co., Ltd. will post -0.14 EPS for the current year.

Institutional Trading of LG Display

Several hedge funds have recently made changes to their positions in the company. Simplicity Wealth LLC raised its stake in shares of LG Display by 42.4% in the 3rd quarter. Simplicity Wealth LLC now owns 14,531 shares of the electronics maker’s stock valued at $43,000 after acquiring an additional 4,327 shares during the period. Inspire Investing LLC grew its position in shares of LG Display by 30.3% during the third quarter. Inspire Investing LLC now owns 29,504 shares of the electronics maker’s stock worth $87,000 after buying an additional 6,864 shares in the last quarter. Financial Planning Navigators CORP acquired a new position in LG Display during the 3rd quarter worth approximately $40,000. Plan A Wealth LLC increased its holdings in LG Display by 40.2% in the third quarter. Plan A Wealth LLC now owns 22,908 shares of the electronics maker’s stock valued at $68,000 after buying an additional 6,571 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in LG Display by 112.6% during the second quarter. Sequoia Financial Advisors LLC now owns 504,582 shares of the electronics maker’s stock worth $1,963,000 after purchasing an additional 267,189 shares in the last quarter.

About LG Display

LG Display Co, Ltd. is a South Korean manufacturer of display panels and related display technologies. The company develops and produces OLED and LCD panels used in televisions, monitors, notebook computers, tablets, smartphones, automotive displays and other smart devices.

Its product portfolio includes large OLED panels for premium televisions, OLED and LCD panels for information technology products, automotive display solutions and specialized displays for commercial and industrial applications.