LG Display (NYSE:LPL) Reaches New 52-Week Low – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPL)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $3.10 and last traded at $3.11, with a volume of 256318 shares. The stock had previously closed at $3.18.

Analysts Set New Price Targets

Several brokerages have commented on LPL. JPMorgan Chase & Co. cut shares of LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Citigroup lowered shares of LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Finally, Morgan Stanley raised LG Display from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th.

LG Display Price Performance

The stock has a market capitalization of $3.11 billion, a PE ratio of -1.78 and a beta of 1.33. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The stock’s 50-day moving average is $3.44 and its 200 day moving average is $3.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of LPL. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of LG Display by 27.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,301,206 shares of the electronics maker’s stock worth $5,270,000 after buying an additional 283,441 shares during the period. Public Employees Retirement System of Ohio bought a new stake in LG Display during the third quarter valued at about $797,000. Blue Trust Inc. boosted its holdings in LG Display by 546.6% during the third quarter. Blue Trust Inc. now owns 183,391 shares of the electronics maker’s stock valued at $756,000 after acquiring an additional 155,030 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of LG Display by 341.1% in the second quarter. Cubist Systematic Strategies LLC now owns 31,668 shares of the electronics maker’s stock valued at $130,000 after purchasing an additional 24,488 shares during the last quarter. Finally, Caprock Group LLC bought a new position in shares of LG Display in the second quarter worth about $50,000.

About LG Display

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.