LG Display (NYSE:LPL) Sets New 12-Month High – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPL) hit a new 52-week high on Thursday . The company traded as high as $5.67 and last traded at $5.5650, with a volume of 230331 shares changing hands. The stock had previously closed at $5.35.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LPL. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd. Zacks Research cut shares of LG Display from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th. Finally, Wall Street Zen upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research report on Sunday, February 22nd. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

LG Display Stock Performance

The business has a fifty day moving average of $4.28 and a 200-day moving average of $4.53. The company has a market cap of $5.06 billion, a PE ratio of 26.61, a P/E/G ratio of 0.78 and a beta of 1.54. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14.

LG Display (NYSE:LPL) last posted its earnings results on Friday, February 13th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. The business had revenue of $4.61 billion for the quarter. Equities research analysts anticipate that LG Display Co., Ltd. will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of LG Display

Several large investors have recently bought and sold shares of the company. Ethic Inc. lifted its position in LG Display by 55.1% during the 3rd quarter. Ethic Inc. now owns 402,675 shares of the electronics maker’s stock valued at $2,102,000 after acquiring an additional 143,002 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of LG Display by 55.0% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 400,255 shares of the electronics maker’s stock valued at $2,089,000 after purchasing an additional 142,094 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of LG Display by 33.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 142,139 shares of the electronics maker’s stock worth $486,000 after purchasing an additional 35,444 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of LG Display by 323.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 175,947 shares of the electronics maker’s stock worth $602,000 after buying an additional 134,432 shares during the last quarter. Finally, American Century Companies Inc. increased its position in LG Display by 12.0% during the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock valued at $5,166,000 after buying an additional 161,409 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.