LG Display Co., Ltd. (NYSE:LPL – Get Free Report)’s share price gapped down prior to trading on Friday following a weaker than expected earnings announcement. The stock had previously closed at $5.33, but opened at $4.80. LG Display shares last traded at $4.7550, with a volume of 275,997 shares changing hands.
The electronics maker reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.17). LG Display had a return on equity of 3.26% and a net margin of 0.98%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on LPL shares. Weiss Ratings cut shares of LG Display from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, May 7th. Zacks Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Wall Street Zen downgraded LG Display from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.
Institutional Trading of LG Display
Large investors have recently added to or reduced their stakes in the business. Creative Planning bought a new stake in LG Display during the 2nd quarter valued at $39,000. Simplicity Wealth LLC bought a new position in shares of LG Display in the first quarter worth $41,000. Ausdal Financial Partners Inc. acquired a new position in shares of LG Display during the fourth quarter valued at $43,000. Allspring Global Investments Holdings LLC acquired a new position in shares of LG Display during the first quarter valued at $46,000. Finally, XTX Topco Ltd bought a new stake in shares of LG Display during the second quarter valued at about $46,000.
LG Display Stock Down 10.2%
The firm’s fifty day moving average is $4.29 and its two-hundred day moving average is $4.35. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 25.29 and a beta of 1.53. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.73 and a quick ratio of 0.46.
LG Display Company Profile
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.
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