LG Display (NYSE:LPL) Hits New 12-Month Low – Here’s Why

LG Display Co., Ltd. (NYSE:LPL)’s share price hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $2.56 and last traded at $2.5650, with a volume of 768,792 shares traded. The stock had previously closed at $2.71.

Wall Street Analysts Forecast Growth

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

LG Display Stock Down 4.1%

The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.37 and a current ratio of 0.63. The firm has a fifty day simple moving average of $2.99 and a 200-day simple moving average of $3.87. The company has a market capitalization of $2.60 billion, a PE ratio of -2.86 and a beta of 1.73.

LG Display (NYSE:LPL) last announced its earnings results on Friday, October 30th. The electronics maker reported $0.55 earnings per share (EPS) for the quarter. The company had revenue of $4.62 billion for the quarter. LG Display had a negative return on equity of 19.82% and a negative net margin of 5.26%. Equities research analysts anticipate that LG Display Co., Ltd. will post -0.14 EPS for the current fiscal year.

Institutional Trading of LG Display

Several institutional investors have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC grew its position in shares of LG Display by 112.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 504,582 shares of the electronics maker’s stock worth $1,963,000 after acquiring an additional 267,189 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of LG Display during the 2nd quarter valued at approximately $647,000. First Trust Advisors LP raised its position in shares of LG Display by 135.3% during the 1st quarter. First Trust Advisors LP now owns 229,715 shares of the electronics maker’s stock valued at $891,000 after acquiring an additional 132,096 shares in the last quarter. Corient Private Wealth LP lifted its stake in LG Display by 23.9% during the second quarter. Corient Private Wealth LP now owns 592,123 shares of the electronics maker’s stock worth $2,303,000 after purchasing an additional 114,381 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in LG Display by 37.3% during the first 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 last quarter.

LG Display Company Profile

LG Display Co, Ltd. is a South Korean manufacturer of display panels and related display technologies. The company develops and produces OLED and LCD panels used in televisions, monitors, notebook computers, tablets, smartphones, automotive displays and other smart devices.

Its product portfolio includes large OLED panels for premium televisions, OLED and LCD panels for information technology products, automotive display solutions and specialized displays for commercial and industrial applications.