LG Display (NYSE:LPL) Reaches New 52-Week Low – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPL)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $2.56 and last traded at $2.6240, with a volume of 16,427 shares traded. The stock had previously closed at $2.64.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LPL. Weiss Ratings upgraded shares of LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

LG Display Stock Down 0.6%

The stock has a market cap of $2.62 billion, a P/E ratio of -2.87 and a beta of 1.73. The company has a quick ratio of 0.37, a current ratio of 0.63 and a debt-to-equity ratio of 0.96. The company has a 50-day simple moving average of $3.09 and a two-hundred day simple moving average of $3.80.

LG Display (NYSE:LPL) last posted its earnings results on Friday, October 30th. The electronics maker reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.39. The company had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.78 billion. LG Display had a negative net margin of 5.26% and a negative return on equity of 19.82%. On average, equities analysts forecast that LG Display Co., Ltd. will post -0.34 EPS for the current year.

Hedge Funds Weigh In On LG Display

A number of institutional investors have recently added to or reduced their stakes in LPL. Sequoia Financial Advisors LLC raised its holdings in shares of LG Display by 112.6% during the second quarter. Sequoia Financial Advisors LLC now owns 504,582 shares of the electronics maker’s stock valued at $1,963,000 after purchasing an additional 267,189 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in LG Display in the second quarter worth about $647,000. Foster Group Inc. bought a new stake in shares of LG Display during the 2nd quarter valued at about $82,000. EverSource Wealth Advisors LLC boosted its holdings in shares of LG Display by 82.2% in the first quarter. EverSource Wealth Advisors LLC now owns 17,799 shares of the electronics maker’s stock worth $69,000 after buying an additional 8,032 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of LG Display by 37.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 320,244 shares of the electronics maker’s stock worth $1,243,000 after purchasing an additional 87,055 shares in the last quarter.

LG Display Company Profile

LG Display Co, Ltd. is a South Korean manufacturer of display panels and related display technologies. The company develops and produces OLED and LCD panels used in televisions, monitors, notebook computers, tablets, smartphones, automotive displays and other smart devices.

Its product portfolio includes large OLED panels for premium televisions, OLED and LCD panels for information technology products, automotive display solutions and specialized displays for commercial and industrial applications.