LG Display (NYSE:LPL) Shares Gap Down – What’s Next?

Shares of LG Display Co., Ltd. (NYSE:LPL) gapped down prior to trading on Friday . The stock had previously closed at $5.06, but opened at $4.87. LG Display shares last traded at $4.93, with a volume of 169,730 shares trading hands.

Wall Street Analysts Forecast Growth

LPL has been the subject of several analyst reports. UBS Group raised LG Display from a “sell” rating to a “neutral” rating in a report on Tuesday, September 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a research note on Saturday. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

LG Display Trading Down 2.1%

The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.37 and a current ratio of 0.62. The company has a 50 day moving average of $4.82 and a two-hundred day moving average of $3.85. The stock has a market cap of $4.96 billion, a PE ratio of -11.80, a price-to-earnings-growth ratio of 0.27 and a beta of 1.49.

LG Display (NYSE:LPL) last announced its quarterly earnings results on Thursday, August 14th. The electronics maker reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.07). LG Display had a negative net margin of 2.25% and a negative return on equity of 7.60%. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.85 billion. Sell-side analysts anticipate that LG Display Co., Ltd. will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LG Display

Large investors have recently bought and sold shares of the company. Creative Planning purchased a new stake in LG Display during the 2nd quarter worth approximately $39,000. MGO One Seven LLC purchased a new stake in LG Display during the 2nd quarter worth approximately $40,000. Fragasso Financial Advisors Inc purchased a new stake in LG Display during the 3rd quarter worth approximately $67,000. XTX Topco Ltd purchased a new stake in LG Display during the 2nd quarter worth approximately $46,000. Finally, BSW Wealth Partners purchased a new stake in LG Display during the 1st quarter worth approximately $42,000.

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.