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.
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.
- Get a free copy of the StockNews.com research report on LG Display (LPL)
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