LG Display (NYSE:LPL) Hits New 52-Week Low at $5.08

LG Display Co Ltd. (NYSE:LPL) shares hit a new 52-week low on Tuesday . The stock traded as low as $5.08 and last traded at $5.30, with a volume of 514233 shares. The stock had previously closed at $5.12.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. HSBC downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. ValuEngine raised shares of LG Display from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. TheStreet downgraded shares of LG Display from a “c-” rating to a “d+” rating in a research report on Monday, August 5th. Finally, Daiwa Capital Markets downgraded shares of LG Display from an “outperform” rating to a “neutral” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. LG Display presently has an average rating of “Hold” and a consensus target price of $7.00.

The firm’s 50-day moving average is $6.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.71. The stock has a market capitalization of $3.71 billion, a P/E ratio of -20.38 and a beta of 0.91.



LG Display (NYSE:LPL) last announced its quarterly earnings data on Wednesday, May 15th. The electronics maker reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.08. LG Display had a negative net margin of 0.87% and a negative return on equity of 1.46%. The company had revenue of $5.29 billion for the quarter. On average, analysts expect that LG Display Co Ltd. will post -1.1 earnings per share for the current year.

Several large investors have recently made changes to their positions in the business. Lindbrook Capital LLC increased its position in shares of LG Display by 55.8% in the 1st quarter. Lindbrook Capital LLC now owns 4,358 shares of the electronics maker’s stock valued at $37,000 after purchasing an additional 1,560 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of LG Display by 50.0% in the 1st quarter. Penserra Capital Management LLC now owns 5,058 shares of the electronics maker’s stock valued at $43,000 after buying an additional 1,686 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of LG Display by 12.8% in the 1st quarter. Signaturefd LLC now owns 15,157 shares of the electronics maker’s stock valued at $131,000 after buying an additional 1,716 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of LG Display by 7.9% in the 4th quarter. Bank of America Corp DE now owns 29,380 shares of the electronics maker’s stock valued at $240,000 after buying an additional 2,152 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its holdings in shares of LG Display by 67.5% in the 1st quarter. Cornerstone Advisors Inc. now owns 6,211 shares of the electronics maker’s stock valued at $54,000 after buying an additional 2,503 shares in the last quarter. 2.73% of the stock is currently owned by institutional investors.

About LG Display (NYSE:LPL)

LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.

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