LG Display (NYSE:LPL) Shares Gap Down – Here’s Why

LG Display Co., Ltd. (NYSE:LPL) shares gapped down prior to trading on Friday . The stock had previously closed at $4.26, but opened at $4.16. LG Display shares last traded at $4.1550, with a volume of 145,384 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LPL shares. Weiss Ratings reissued a “sell (d-)” rating on shares of LG Display in a research report on Wednesday, October 8th. UBS Group raised LG Display from a “sell” rating to a “neutral” rating in a research note on Tuesday, September 23rd. Finally, Wall Street Zen raised shares of LG Display from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Three research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, LG Display presently has an average rating of “Reduce”.

LG Display Price Performance

The company has a 50 day simple moving average of $4.37 and a 200-day simple moving average of $4.36. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of -9.89, a PEG ratio of 0.60 and a beta of 1.50. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 1.06.

LG Display (NYSE:LPL) last released its earnings results on Friday, November 14th. The electronics maker reported ($0.01) earnings per share for the quarter. The business had revenue of $4.95 billion for the quarter. LG Display had a negative net margin of 2.25% and a negative return on equity of 7.60%. As a group, research analysts anticipate that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

Several large investors have recently modified their holdings of the stock. Verdence Capital Advisors LLC lifted its holdings in shares of LG Display by 14.6% in the third quarter. Verdence Capital Advisors LLC now owns 16,125 shares of the electronics maker’s stock valued at $80,000 after purchasing an additional 2,060 shares in the last quarter. Plan A Wealth LLC raised its position in LG Display by 21.4% during the third quarter. Plan A Wealth LLC now owns 13,002 shares of the electronics maker’s stock valued at $68,000 after buying an additional 2,296 shares during the period. Inspire Investing LLC lifted its stake in LG Display by 29.5% in the 2nd quarter. Inspire Investing LLC now owns 18,690 shares of the electronics maker’s stock worth $64,000 after acquiring an additional 4,259 shares in the last quarter. BSW Wealth Partners boosted its position in LG Display by 32.1% during the 2nd quarter. BSW Wealth Partners now owns 17,697 shares of the electronics maker’s stock worth $61,000 after acquiring an additional 4,298 shares during the period. Finally, Diversified Trust Co. boosted its position in LG Display by 34.1% during the 4th quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker’s stock worth $78,000 after acquiring an additional 4,723 shares during the period.

About LG Display

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.