LG Display (NYSE:LPL) Shares Gap Up – Should You Buy?

LG Display Co., Ltd. (NYSE:LPL)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $3.37, but opened at $3.54. LG Display shares last traded at $3.5750, with a volume of 273,331 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LPL shares. Zacks Research downgraded shares of LG Display from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 23rd. Weiss Ratings cut LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, LG Display presently has a consensus rating of “Sell”.

LG Display Stock Performance

The firm has a market capitalization of $3.54 billion, a P/E ratio of -177.25 and a beta of 1.68. The firm has a 50-day moving average price of $3.74 and a two-hundred day moving average price of $4.19. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.34 and a quick ratio of 0.22.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Wednesday, July 1st. The electronics maker reported ($0.26) EPS for the quarter. The company had revenue of $3.62 billion during the quarter. LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%. On average, analysts forecast that LG Display Co., Ltd. will post -0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

Several large investors have recently added to or reduced their stakes in LPL. Ausdal Financial Partners Inc. bought a new position in LG Display in the 4th quarter worth about $43,000. Simplicity Wealth LLC bought a new stake in shares of LG Display during the first quarter valued at approximately $41,000. Creative Planning purchased a new stake in shares of LG Display in the second quarter valued at approximately $39,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of LG Display in the first quarter valued at approximately $46,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in LG Display in the third quarter worth approximately $63,000.

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.