LG Display (NYSE:LPL) Hits New 12-Month Low at $5.10

LG Display Co Ltd. (NYSE:LPL)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $5.10 and last traded at $5.14, with a volume of 163189 shares traded. The stock had previously closed at $5.27.

LPL has been the topic of a number of research analyst reports. Daiwa Capital Markets downgraded LG Display from an “outperform” rating to a “neutral” rating in a research report on Wednesday, April 24th. Zacks Investment Research downgraded LG Display from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. HSBC downgraded LG Display from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. ValuEngine upgraded LG Display from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, TheStreet downgraded LG Display from a “c-” rating to a “d+” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $7.00.

The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.71. The stock has a market cap of $3.71 billion, a P/E ratio of -19.94 and a beta of 0.91. The company has a 50-day moving average price of $7.03.

LG Display (NYSE:LPL) last issued its quarterly earnings data on Wednesday, May 15th. The electronics maker reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. LG Display had a negative return on equity of 1.46% and a negative net margin of 0.87%. The business had revenue of $5.29 billion for the quarter. On average, research analysts expect that LG Display Co Ltd. will post -1.1 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC raised its position in LG Display by 55.8% during the first quarter. Lindbrook Capital LLC now owns 4,358 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 1,560 shares during the period. Penserra Capital Management LLC raised its position in LG Display by 50.0% during the first quarter. Penserra Capital Management LLC now owns 5,058 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 1,686 shares during the period. Investors Research Corp purchased a new stake in LG Display during the first quarter valued at approximately $53,000. Cornerstone Advisors Inc. raised its position in LG Display by 67.5% during the first quarter. Cornerstone Advisors Inc. now owns 6,211 shares of the electronics maker’s stock valued at $54,000 after purchasing an additional 2,503 shares during the period. Finally, Parallel Advisors LLC raised its position in LG Display by 79.0% during the first quarter. Parallel Advisors LLC now owns 7,891 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 3,483 shares during the period. Institutional investors and hedge funds own 2.81% 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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