LG Display (NYSE:LPL) Lowered to Hold Rating by StockNews.com

LG Display (NYSE:LPL) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Several other research analysts have also weighed in on the stock. Morgan Stanley upgraded shares of LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. downgraded LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Citigroup cut LG Display from a “buy” rating to a “sell” rating in a research report on Thursday, October 24th.

LG Display Price Performance

NYSE:LPL opened at $3.26 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.03. The firm has a fifty day simple moving average of $3.36 and a 200 day simple moving average of $3.82. LG Display has a 1-year low of $3.05 and a 1-year high of $5.66. The stock has a market capitalization of $3.26 billion, a PE ratio of -1.86 and a beta of 1.33.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. acquired a new position in shares of LG Display in the third quarter valued at about $42,000. Caprock Group LLC bought a new stake in LG Display in the 2nd quarter valued at about $50,000. MQS Management LLC acquired a new position in shares of LG Display during the 2nd quarter worth approximately $61,000. Wealthstream Advisors Inc. bought a new position in shares of LG Display during the third quarter worth approximately $64,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of LG Display by 20.7% in the second quarter. EverSource Wealth Advisors LLC now owns 16,411 shares of the electronics maker’s stock valued at $67,000 after buying an additional 2,819 shares in the last quarter.

LG Display Company Profile

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.