LG Display (NYSE:LPL) Reaches New 1-Year Low – Here’s Why

Shares of LG Display Co., Ltd. (NYSE:LPL) hit a new 52-week low during trading on Friday . The company traded as low as $3.16 and last traded at $3.1750, with a volume of 2869965 shares trading hands. The stock had previously closed at $3.37.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Weiss Ratings cut LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

LG Display Trading Down 5.8%

The business’s 50-day moving average price is $4.31 and its two-hundred day moving average price is $4.31. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.34 and a quick ratio of 0.22. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -158.75 and a beta of 1.65.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Wednesday, July 1st. The electronics maker reported ($0.26) earnings per share (EPS) for the quarter. LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%.The firm had revenue of $3.62 billion for the quarter. Research analysts predict that LG Display Co., Ltd. will post -0.21 earnings per share for the current year.

Hedge Funds Weigh In On LG Display

A number of institutional investors and hedge funds have recently bought and sold shares of LPL. Creative Planning acquired a new position in LG Display during the 2nd quarter worth about $39,000. Simplicity Wealth LLC acquired a new stake in shares of LG Display in the 1st quarter valued at about $41,000. Ausdal Financial Partners Inc. acquired a new position in shares of LG Display during the fourth quarter worth approximately $43,000. Allspring Global Investments Holdings LLC acquired a new position in LG Display during the first quarter worth $46,000. Finally, XTX Topco Ltd acquired a new stake in shares of LG Display in the 2nd quarter worth about $46,000.

LG Display Company Profile

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.