LG Display (NYSE:LPL) Hits New 1-Year Low – What’s Next?

Shares of LG Display Co., Ltd. (NYSE:LPL) reached a new 52-week low on Monday . The company traded as low as $2.60 and last traded at $2.64, with a volume of 43634 shares traded. The stock had previously closed at $2.73.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

LG Display Price Performance

The company has a debt-to-equity ratio of 1.00, a current ratio of 0.64 and a quick ratio of 0.43. The firm has a market cap of $2.73 billion, a PE ratio of -1.13 and a beta of 1.28. The company has a 50 day moving average price of $3.23 and a 200 day moving average price of $3.41.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.67). LG Display had a negative net margin of 9.42% and a negative return on equity of 29.08%. Sell-side analysts expect that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Advisers LP purchased a new position in LG Display in the fourth quarter valued at about $32,000. Savant Capital LLC acquired a new stake in shares of LG Display in the 4th quarter valued at about $38,000. Caprock Group LLC lifted its position in shares of LG Display by 48.7% during the fourth quarter. Caprock Group LLC now owns 17,144 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 5,618 shares during the last quarter. Millennium Management LLC grew its stake in LG Display by 21.2% in the fourth quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker’s stock worth $64,000 after purchasing an additional 3,661 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its stake in LG Display by 34.5% during the third quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker’s stock valued at $88,000 after buying an additional 5,588 shares in the last quarter.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.