LG Display (NYSE:LPL) Reaches New 12-Month Low – What’s Next?

LG Display Co., Ltd. (NYSE:LPL)’s stock price hit a new 52-week low during trading on Thursday. The stock traded as low as $2.52 and last traded at $2.5050, with a volume of 578,630 shares trading hands. The stock had previously closed at $2.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Weiss Ratings raised shares of LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

LG Display Price Performance

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 business has a 50-day simple moving average of $2.95 and a two-hundred day simple moving average of $3.85. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of -2.74 and a beta of 1.77.

LG Display (NYSE:LPL) last issued its earnings results on Friday, October 30th. The electronics maker reported $0.55 earnings per share for the quarter. The firm had revenue of $4.62 billion during the quarter. LG Display had a negative net margin of 5.26% and a negative return on equity of 19.82%. As a group, research analysts predict that LG Display Co., Ltd. will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LG Display

Several hedge funds have recently made changes to their positions in LPL. Corient Private Wealth LP boosted its stake in LG Display by 23.9% in the 2nd quarter. Corient Private Wealth LP now owns 592,123 shares of the electronics maker’s stock worth $2,303,000 after purchasing an additional 114,381 shares during the period. Sequoia Financial Advisors LLC raised its stake in LG Display by 112.6% during the 2nd 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 period. PNC Financial Services Group Inc. raised its stake in LG Display by 37.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 320,244 shares of the electronics maker’s stock valued at $1,243,000 after purchasing an additional 87,055 shares during the period. First Trust Advisors LP raised its stake in LG Display by 135.3% during the 1st quarter. First Trust Advisors LP now owns 229,715 shares of the electronics maker’s stock valued at $891,000 after purchasing an additional 132,096 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of LG Display in the second quarter valued at $647,000.

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.