LG Display (NYSE:LPL) Hits New 12-Month Low at $6.11

LG Display Co Ltd. (NYSE:LPL)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $6.11 and last traded at $6.13, with a volume of 4047 shares trading hands. The stock had previously closed at $6.22.

A number of research firms recently issued reports on LPL. HSBC downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. ValuEngine upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research report on Thursday. Daiwa Capital Markets downgraded shares of LG Display from an “outperform” rating to a “neutral” rating in a research report on Wednesday, April 24th. Finally, Zacks Investment Research downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $7.00.

The company has a current ratio of 0.98, a quick ratio of 0.71 and a debt-to-equity ratio of 0.60. The firm’s 50-day simple moving average is $7.20. The company has a market cap of $4.22 billion, a P/E ratio of -21.12 and a beta of 0.90.

LG Display (NYSE:LPL) last released its earnings results on Wednesday, May 15th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.08. LG Display had a negative net margin of 0.87% and a negative return on equity of 1.46%. The company had revenue of $5.29 billion for the quarter. As a group, research analysts predict that LG Display Co Ltd. will post -1 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Lindbrook Capital LLC grew its stake in shares of LG Display by 55.8% in the 1st quarter. Lindbrook Capital LLC now owns 4,358 shares of the electronics maker’s stock worth $37,000 after acquiring an additional 1,560 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of LG Display by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 5,058 shares of the electronics maker’s stock worth $43,000 after buying an additional 1,686 shares during the last quarter. Investors Research Corp purchased a new position in shares of LG Display in the 1st quarter worth about $53,000. Cornerstone Advisors Inc. boosted its holdings in shares of LG Display by 67.5% in the 1st quarter. Cornerstone Advisors Inc. now owns 6,211 shares of the electronics maker’s stock worth $54,000 after buying an additional 2,503 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of LG Display by 79.0% in the 1st quarter. Parallel Advisors LLC now owns 7,891 shares of the electronics maker’s stock worth $68,000 after buying an additional 3,483 shares during the last quarter. Institutional investors and hedge funds own 2.82% of the company’s stock.

LG Display Company Profile (NYSE:LPL)

LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.

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