LG Display (NYSE:LPL) Trading Down 2.2% – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPL)’s stock price was down 2.2% during trading on Tuesday . The company traded as low as $2.67 and last traded at $2.66. Approximately 16,900 shares were traded during trading, a decline of 93% from the average daily volume of 238,771 shares. The stock had previously closed at $2.72.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut LG Display from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

LG Display Price Performance

The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -1.10 and a beta of 1.28. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 1.00. The company’s 50 day simple moving average is $3.18 and its 200-day simple moving average is $3.37.

LG Display (NYSE:LPL) last announced its 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 return on equity of 29.08% and a negative net margin of 9.42%. On average, equities research analysts predict that LG Display Co., Ltd. will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of LG Display

A number of hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in shares of LG Display during the 3rd quarter valued at about $797,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in LG Display during the fourth quarter worth approximately $428,000. Blue Trust Inc. raised its stake in LG Display by 61.6% during the fourth quarter. Blue Trust Inc. now owns 296,355 shares of the electronics maker’s stock worth $910,000 after purchasing an additional 112,964 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of LG Display by 5.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,371,287 shares of the electronics maker’s stock valued at $4,210,000 after purchasing an additional 70,081 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of LG Display by 1,380.7% during the 1st quarter. GAMMA Investing LLC now owns 68,423 shares of the electronics maker’s stock valued at $213,000 after buying an additional 63,802 shares during the period.

About LG Display

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.