LG Display (NYSE:LPL) Shares Gap Down – Here’s Why

LG Display Co., Ltd. (NYSE:LPL)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $5.76, but opened at $5.33. LG Display shares last traded at $5.2850, with a volume of 171,525 shares traded.

Analyst Ratings Changes

LPL has been the topic of a number of research analyst reports. Wall Street Zen downgraded LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings downgraded LG Display from a “sell (d)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. Finally, Zacks Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

LG Display Trading Down 6.3%

The company has a fifty day simple moving average of $4.57 and a two-hundred day simple moving average of $4.37. The company has a current ratio of 0.34, a quick ratio of 0.22 and a debt-to-equity ratio of 1.63. The company has a market cap of $5.40 billion, a PE ratio of -269.75 and a beta of 1.61.

LG Display (NYSE:LPL) last released its quarterly earnings data on Friday, May 15th. The electronics maker reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.17). The firm had revenue of $3.78 billion during the quarter. LG Display had a negative net margin of 0.18% and a negative return on equity of 0.68%. Analysts anticipate that LG Display Co., Ltd. will post -0.21 EPS for the current 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. Plan A Wealth LLC grew its position in shares of LG Display by 21.4% in the third quarter. Plan A Wealth LLC now owns 13,002 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 2,296 shares during the period. Cetera Investment Advisers boosted its holdings in LG Display by 18.8% in the first quarter. Cetera Investment Advisers now owns 14,580 shares of the electronics maker’s stock valued at $57,000 after acquiring an additional 2,308 shares during the last quarter. CWM LLC boosted its holdings in LG Display by 14.4% in the fourth quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock valued at $116,000 after acquiring an additional 3,469 shares during the last quarter. Inspire Investing LLC boosted its holdings in LG Display by 30.0% in the first quarter. Inspire Investing LLC now owns 20,153 shares of the electronics maker’s stock valued at $78,000 after acquiring an additional 4,654 shares during the last quarter. Finally, Diversified Trust Co. boosted its holdings in LG Display by 34.1% in the fourth quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker’s stock valued at $78,000 after acquiring an additional 4,723 shares during the last quarter.

About LG Display

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.