LG Display (NYSE:LPL) Posts Quarterly Earnings Results

LG Display (NYSE:LPL) issued its earnings results on Friday. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, FiscalAI reports. 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%.

LG Display Stock Performance

LPL traded down $0.11 on Friday, reaching $2.60. The stock had a trading volume of 1,421,513 shares, compared to its average volume of 2,223,168. The business’s 50-day moving average price is $2.99 and its two-hundred day moving average price is $3.87. The company has a market cap of $2.60 billion, a P/E ratio of -2.86 and a beta of 1.73. LG Display has a 12-month low of $2.56 and a 12-month high of $5.83. The company has a current ratio of 0.63, a quick ratio of 0.37 and a debt-to-equity ratio of 0.96.

Hedge Funds Weigh In On LG Display

Several institutional investors and hedge funds have recently modified their holdings of LPL. Financial Planning Navigators CORP purchased a new position in LG Display during the third quarter valued at $40,000. Simplicity Wealth LLC purchased a new stake in shares of LG Display during the first quarter worth about $41,000. Allspring Global Investments Holdings LLC acquired a new position in shares of LG Display during the 1st quarter worth about $46,000. Cetera Investment Advisers raised its position in shares of LG Display by 18.8% during the 1st quarter. Cetera Investment Advisers now owns 14,580 shares of the electronics maker’s stock worth $57,000 after purchasing an additional 2,308 shares during the last quarter. Finally, Nykredit A S purchased a new position in LG Display in the 2nd quarter valued at about $59,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Weiss Ratings raised LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. One equities 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.com, the company presently has an average rating of “Reduce”.

About LG Display

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.