LG Display (NYSE:LPL) Stock Price Down 4.8% – Should You Sell?

Shares of LG Display Co., Ltd. (NYSE:LPL) fell 4.8% during mid-day trading on Thursday . The company traded as low as $3.62 and last traded at $3.6350. 417,905 shares were traded during trading, a decline of 76% from the average daily volume of 1,756,158 shares. The stock had previously closed at $3.82.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Zacks Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Weiss Ratings cut shares of LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

LG Display Trading Down 4.6%

The firm has a fifty day moving average of $4.54 and a 200-day moving average of $4.36. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.22 and a current ratio of 0.34. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of -182.25 and a beta of 1.65.

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

Hedge Funds Weigh In On LG Display

A number of institutional investors and hedge funds have recently bought and sold shares of LPL. Cetera Investment Advisers grew its position in LG Display by 18.8% in the first quarter. Cetera Investment Advisers now owns 14,580 shares of the electronics maker’s stock valued at $57,000 after acquiring an additional 2,308 shares in the last quarter. CWM LLC boosted its stake in shares of LG Display by 14.4% in the fourth quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock valued at $116,000 after purchasing an additional 3,469 shares during the period. GAMMA Investing LLC boosted its stake in shares of LG Display by 4.6% in the second quarter. GAMMA Investing LLC now owns 87,102 shares of the electronics maker’s stock valued at $339,000 after purchasing an additional 3,808 shares during the period. Inspire Investing LLC grew its holdings in 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. Finally, Diversified Trust Co. grew its holdings in LG Display by 34.1% during the 4th quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 4,723 shares in the last quarter.

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.