LG Display (NYSE:LPL) Shares Gap Down – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPL)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $5.37, but opened at $4.47. LG Display shares last traded at $4.5050, with a volume of 299,188 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LPL. Zacks Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Wall Street Zen downgraded LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

LG Display Stock Down 17.8%

The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $4.42 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.30 and a beta of 1.56. The company has a 50 day simple moving average of $4.35 and a two-hundred day simple moving average of $4.43.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Friday, February 13th. The electronics maker reported ($0.14) earnings per share for the quarter. LG Display had a return on equity of 3.26% and a net margin of 0.98%.The business had revenue of $4.61 billion during the quarter. On average, equities analysts predict that LG Display Co., Ltd. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LPL. Creative Planning bought a new position in LG Display in the 2nd quarter worth approximately $39,000. Ausdal Financial Partners Inc. bought a new position in LG Display in the 4th quarter worth approximately $43,000. XTX Topco Ltd bought a new position in LG Display in the 2nd quarter worth approximately $46,000. Essex Bank bought a new position in LG Display in the 1st quarter worth approximately $50,000. Finally, Cetera Investment Advisers bought a new position in LG Display in the 4th quarter worth approximately $52,000.

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.