LG Display (NYSE:LPL) Hits New 1-Year Low – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPL)’s share price reached a new 52-week low on Monday. The company traded as low as $2.73 and last traded at $2.7650, with a volume of 302,782 shares trading hands. The stock had previously closed at $2.89.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LPL shares. Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, September 21st. Weiss Ratings upgraded LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

LG Display Trading Down 1.3%

The company has a quick ratio of 0.37, a current ratio of 0.63 and a debt-to-equity ratio of 0.96. The business’s fifty day simple moving average is $3.17 and its two-hundred day simple moving average is $3.86. The company has a market cap of $2.71 billion, a price-to-earnings ratio of -2.98 and a beta of 1.73.

LG Display (NYSE:LPL) last issued its quarterly earnings data on Friday, August 14th. The electronics maker reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.14). LG Display had a negative return on equity of 19.82% and a negative net margin of 5.26%. The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.56 billion. On average, equities analysts predict that LG Display Co., Ltd. will post -0.34 EPS for the current year.

Institutional Investors Weigh In On LG Display

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC grew its holdings in shares of LG Display by 112.6% during the second quarter. Sequoia Financial Advisors LLC now owns 504,582 shares of the electronics maker’s stock worth $1,963,000 after purchasing an additional 267,189 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of LG Display during the second quarter worth about $647,000. Foster Group Inc. acquired a new stake in shares of LG Display during the second quarter worth about $82,000. EverSource Wealth Advisors LLC lifted its holdings in shares of LG Display by 82.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 17,799 shares of the electronics maker’s stock valued at $69,000 after purchasing an additional 8,032 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in LG Display by 37.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 320,244 shares of the electronics maker’s stock worth $1,243,000 after purchasing an additional 87,055 shares during the period.

LG Display Company Profile

LG Display Co, Ltd. is a South Korean display technology company that develops and manufactures flat-panel display products for consumer electronics, information technology, mobile devices and automotive applications. The company supplies display solutions to global brands and serves customers across major international markets.

Its product portfolio includes OLED and LCD panels used in televisions, monitors, notebook computers, tablets, smartphones, vehicles and other devices. LG Display also develops advanced display technologies such as flexible and transparent OLED panels, as well as automotive displays designed for instrument clusters, infotainment systems and other in-vehicle applications.

The company traces its origins to 1985 and began developing thin-film transistor liquid-crystal display technology in the late 1980s.