LG Display (NYSE:LPL) Shares Gap Down After Earnings Miss

LG Display Co., Ltd. (NYSE:LPL)’s stock price gapped down before the market opened on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $4.36, but opened at $4.18. LG Display shares last traded at $3.9850, with a volume of 410,114 shares.

The electronics maker reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.41). LG Display had a negative return on equity of 3.22% and a negative net margin of 0.94%.

Wall Street Analyst Weigh In

LPL has been the topic of several research reports. Wall Street Zen upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

Hedge Funds Weigh In On LG Display

Several hedge funds have recently bought and sold shares of LPL. Savant Capital LLC acquired a new stake in shares of LG Display in the third quarter worth about $54,000. Creative Planning bought a new position in shares of LG Display in the 2nd quarter valued at approximately $39,000. MGO One Seven LLC acquired a new stake in LG Display in the 2nd quarter worth approximately $40,000. Mercer Global Advisors Inc. ADV bought a new stake in LG Display during the third quarter worth approximately $63,000. Finally, Fragasso Financial Advisors Inc bought a new stake in shares of LG Display during the 3rd quarter worth $67,000.

LG Display Price Performance

The stock’s fifty day simple moving average is $4.28 and its 200-day simple moving average is $4.45. The company has a market capitalization of $3.94 billion, a P/E ratio of -23.15, a PEG ratio of 0.61 and a beta of 1.50. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37.

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.