LG Display (NYSE:LPL) Shares Gap Up – Should You Buy?

LG Display Co., Ltd. (NYSE:LPL)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $3.26, but opened at $3.40. LG Display shares last traded at $3.3550, with a volume of 168,124 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LPL shares. Weiss Ratings downgraded LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 23rd. Zacks Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce”.

LG Display Stock Up 1.7%

The company’s fifty day simple moving average is $4.38 and its 200 day simple moving average is $4.32. The company has a quick ratio of 0.22, a current ratio of 0.34 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $3.31 billion, a PE ratio of -166.25 and a beta of 1.65.

LG Display (NYSE:LPL) last announced its earnings results on Friday, May 15th. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.17). The firm had revenue of $3.78 billion during the quarter. LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%. Analysts anticipate that LG Display Co., Ltd. will post -0.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LG Display

A number of institutional investors have recently added to or reduced their stakes in LPL. Elmwood Wealth Management Inc. bought a new stake in shares of LG Display during the 2nd quarter valued at $93,000. Foster Group Inc. bought a new position in shares of LG Display in the 2nd quarter worth about $82,000. GAMMA Investing LLC increased its stake in shares of LG Display by 4.6% in the 2nd quarter. GAMMA Investing LLC now owns 87,102 shares of the electronics maker’s stock worth $339,000 after acquiring an additional 3,808 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in LG Display by 82.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 17,799 shares of the electronics maker’s stock valued at $69,000 after acquiring an additional 8,032 shares during the period. Finally, Sei Investments Co. grew its holdings in LG Display by 46.4% in the first quarter. Sei Investments Co. now owns 55,762 shares of the electronics maker’s stock worth $216,000 after purchasing an additional 17,665 shares during the period.

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.