LG Display (NYSE:LPL) Sees Unusually-High Trading Volume – What’s Next?

LG Display Co., Ltd. (NYSE:LPL) saw unusually-high trading volume on Tuesday . Approximately 8,172,288 shares were traded during trading, an increase of 352% from the previous session’s volume of 1,808,148 shares.The stock last traded at $3.4270 and had previously closed at $3.59.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LPL shares. Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings lowered LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

LG Display Stock Performance

The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of -171.35 and a beta of 1.65. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.22 and a current ratio of 0.34. The firm has a 50-day simple moving average of $4.51 and a two-hundred day simple moving average of $4.35.

LG Display (NYSE:LPL) last issued its quarterly 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). LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%.The business had revenue of $3.78 billion for the quarter. On average, sell-side analysts anticipate that LG Display Co., Ltd. will post -0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

A number of hedge funds have recently added to or reduced their stakes in LPL. Ausdal Financial Partners Inc. acquired a new stake in LG Display during the 4th quarter worth approximately $43,000. Simplicity Wealth LLC acquired a new position in shares of LG Display in the first quarter worth $41,000. Creative Planning purchased a new position in LG Display in the second quarter valued at $39,000. Allspring Global Investments Holdings LLC acquired a new position in LG Display during the 1st quarter worth $46,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in LG Display during the 3rd quarter worth $63,000.

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.