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

LG Display Co., Ltd. (NYSE:LPL) gapped down prior to trading on Wednesday . The stock had previously closed at $4.62, but opened at $4.35. LG Display shares last traded at $4.3750, with a volume of 373,309 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on LPL shares. Zacks Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Wall Street Zen cut LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings raised LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, LG Display has a consensus rating of “Reduce”.

LG Display Stock Performance

The firm has a market cap of $4.35 billion, a P/E ratio of -217.25 and a beta of 1.61. The company has a current ratio of 0.34, a quick ratio of 0.22 and a debt-to-equity ratio of 1.63. The business’s fifty day simple moving average is $4.65 and its 200-day simple moving average is $4.39.

LG Display (NYSE:LPL) last announced its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.17). The firm had revenue of $3.78 billion during the quarter. LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%. As a group, sell-side analysts expect that LG Display Co., Ltd. will post -0.21 earnings per share for the current year.

Institutional Investors Weigh In On LG Display

Large investors have recently modified their holdings of the stock. Inspire Investing LLC boosted its stake in shares of LG Display by 30.0% during the 1st quarter. Inspire Investing LLC now owns 20,153 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 4,654 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of LG Display by 26.8% during the 4th quarter. Corient Private Wealth LLC now owns 357,160 shares of the electronics maker’s stock valued at $1,504,000 after purchasing an additional 75,438 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of LG Display by 119.3% during the 1st quarter. Blue Trust Inc. now owns 102,095 shares of the electronics maker’s stock valued at $396,000 after purchasing an additional 55,547 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of LG Display during the 4th quarter valued at about $77,000. Finally, Greenspring Advisors LLC bought a new stake in shares of LG Display during the 4th quarter valued at about $184,000.

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.