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

Shares of LG Display Co., Ltd. (NYSE:LPL) gapped up before the market opened on Thursday . The stock had previously closed at $4.37, but opened at $4.86. LG Display shares last traded at $4.8560, with a volume of 251,410 shares.

Analyst Upgrades and Downgrades

LPL has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of LG Display from a “sell (d)” rating to a “sell (e+)” rating in a research note on Thursday. Wall Street Zen cut shares of LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

LG Display Stock Performance

The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.46 and a current ratio of 0.34. The stock has a market cap of $5.08 billion, a P/E ratio of -253.75 and a beta of 1.53. The firm’s 50 day moving average is $4.36 and its 200 day moving average is $4.34.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Friday, May 15th. The electronics maker reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.17). The firm had revenue of $3.78 billion for the quarter. LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%. Analysts anticipate that LG Display Co., Ltd. will post -0.21 EPS for the current year.

Institutional Trading of LG Display

Several large investors have recently made changes to their positions in LPL. Creative Planning acquired a new stake in shares of LG Display in the second quarter valued at about $39,000. Simplicity Wealth LLC acquired a new stake in shares of LG Display in the first quarter valued at about $41,000. Ausdal Financial Partners Inc. acquired a new stake in shares of LG Display in the fourth quarter valued at about $43,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of LG Display in the first quarter valued at about $46,000. Finally, XTX Topco Ltd acquired a new stake in shares of LG Display in the second quarter valued at about $46,000.

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.