LG Display (NYSE:LPL) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of LG Display (NYSE:LPL) from a hold rating to a strong sell rating in a research report report published on Thursday morning,Zacks.com reports.

Separately, Weiss Ratings cut shares of LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, LG Display has a consensus rating of “Sell”.

LG Display Price Performance

LPL stock opened at $3.17 on Thursday. LG Display has a 1 year low of $3.16 and a 1 year high of $5.83. 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 firm has a market capitalization of $3.17 billion, a PE ratio of -158.75 and a beta of 1.65. The business has a 50 day simple moving average of $4.27 and a 200-day simple moving average of $4.30.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Wednesday, July 1st. The electronics maker reported ($0.26) EPS for the quarter. The company had revenue of $3.62 billion for the quarter. LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%. Equities research analysts anticipate that LG Display will post -0.28 earnings per share for the current fiscal year.

Institutional Trading of LG Display

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in LG Display by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,826,043 shares of the electronics maker’s stock valued at $19,973,000 after acquiring an additional 15,767 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in LG Display by 114.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock worth $10,174,000 after acquiring an additional 1,040,826 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in LG Display during the third quarter worth $7,862,000. State Street Corp raised its position in LG Display by 5.1% in the fourth quarter. State Street Corp now owns 804,268 shares of the electronics maker’s stock valued at $3,386,000 after purchasing an additional 38,755 shares during the period. Finally, Millennium Management LLC raised its position in LG Display by 92.1% in the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock valued at $3,268,000 after purchasing an additional 372,199 shares during the period.

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.