LG Display (NYSE:LPL) Shares Gap Down – Here’s Why

LG Display Co., Ltd. (NYSE:LPL) shares gapped down before the market opened on Wednesday . The stock had previously closed at $4.62, but opened at $4.35. LG Display shares last traded at $4.3750, with a volume of 373,309 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LPL shares. Wall Street Zen lowered shares of LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings raised shares of LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

LG Display Price Performance

The company has a quick ratio of 0.22, a current ratio of 0.34 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $4.35 billion, a PE ratio of -217.25 and a beta of 1.61. The firm’s fifty day simple moving average is $4.65 and its 200-day simple moving average is $4.39.

LG Display (NYSE:LPL) last issued its earnings results 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). The firm 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%. On average, research analysts forecast that LG Display Co., Ltd. will post -0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in LG Display by 82.2% in the first quarter. EverSource Wealth Advisors LLC now owns 17,799 shares of the electronics maker’s stock worth $69,000 after buying an additional 8,032 shares during the last quarter. Sei Investments Co. raised its holdings in shares of LG Display by 46.4% during the first quarter. Sei Investments Co. now owns 55,762 shares of the electronics maker’s stock valued at $216,000 after purchasing an additional 17,665 shares during the last quarter. Cetera Investment Advisers raised its holdings 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 during the last quarter. First Trust Advisors LP raised its holdings in shares of LG Display by 135.3% during the first quarter. First Trust Advisors LP now owns 229,715 shares of the electronics maker’s stock valued at $891,000 after purchasing an additional 132,096 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of LG Display by 37.3% during the first quarter. PNC Financial Services Group Inc. now owns 320,244 shares of the electronics maker’s stock valued at $1,243,000 after purchasing an additional 87,055 shares during 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.