LG Display (NYSE:LPL) Reaches New 12-Month Low at $5.96

LG Display Co., Ltd. (NYSE:LPL – Get Rating) reached a new 52-week low on Tuesday . The stock traded as low as $5.96 and last traded at $6.00, with a volume of 350138 shares trading hands. The stock had previously closed at $6.11.

Several research firms recently weighed in on LPL. JPMorgan Chase & Co. lowered LG Display from a “neutral” rating to an “underweight” rating in a research report on Thursday, April 28th. Morgan Stanley cut LG Display from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, April 27th. Bank of America cut LG Display from a “buy” rating to an “underperform” rating in a research note on Monday, April 4th. Finally, StockNews.com cut LG Display from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

The company has a 50 day moving average price of $6.79 and a two-hundred day moving average price of $8.00. The company has a quick ratio of 0.61, a current ratio of 0.90 and a debt-to-equity ratio of 0.56.

LG Display (NYSE:LPL – Get Rating) last posted its quarterly earnings results on Monday, May 16th. The electronics maker reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.10). LG Display had a return on equity of 7.37% and a net margin of 3.58%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.08 billion. As a group, research analysts expect that LG Display Co., Ltd. will post 0.74 EPS for the current fiscal year.

The firm also recently declared an annual dividend, which was paid on Tuesday, April 26th. Stockholders of record on Friday, December 31st were paid a $0.185 dividend. This represents a dividend yield of 2.55%. The ex-dividend date was Thursday, December 30th. LG Display’s dividend payout ratio is currently 14.18%.

Hedge funds have recently bought and sold shares of the company. Glassman Wealth Services boosted its holdings in shares of LG Display by 111.1% in the fourth quarter. Glassman Wealth Services now owns 3,291 shares of the electronics maker’s stock worth $33,000 after buying an additional 1,732 shares during the last quarter. Alera Investment Advisors LLC purchased a new position in shares of LG Display in the first quarter worth approximately $85,000. Yousif Capital Management LLC purchased a new position in shares of LG Display in the fourth quarter worth approximately $112,000. CAPROCK Group Inc. purchased a new position in shares of LG Display in the first quarter worth approximately $123,000. Finally, Bank of Nova Scotia purchased a new position in shares of LG Display in the first quarter worth approximately $137,000. Hedge funds and other institutional investors own 2.46% of the company’s stock.

About LG Display (NYSE:LPL)

LG Display Co, Ltd. engages in the design, 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.

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