LG Display (NYSE:LPL) Shares Gap Down – Time to Sell?

Shares of LG Display Co., Ltd. (NYSE:LPLGet Free Report) gapped down before the market opened on Monday . The stock had previously closed at $4.64, but opened at $4.37. LG Display shares last traded at $4.3850, with a volume of 221,045 shares.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen lowered shares of LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Finally, Weiss Ratings raised LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, LG Display presently has an average rating of “Reduce”.

Read Our Latest Report on LPL

LG Display Stock Down 4.8%

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 stock has a market cap of $4.42 billion, a P/E ratio of -220.75 and a beta of 1.61. The company’s 50 day moving average price is $4.75 and its two-hundred day moving average price is $4.41.

LG Display (NYSE:LPLGet Free Report) last announced its quarterly earnings data 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%. As a group, research analysts expect that LG Display Co., Ltd. will post -0.21 earnings per share for the current year.

Hedge Funds Weigh In On LG Display

Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of LG Display by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,826,043 shares of the electronics maker’s stock valued at $19,973,000 after acquiring an additional 15,767 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of LG Display by 114.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock valued at $10,174,000 after purchasing an additional 1,040,826 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of LG Display in the 3rd quarter worth approximately $7,862,000. State Street Corp boosted its stake in shares of LG Display by 5.1% during the fourth quarter. State Street Corp now owns 804,268 shares of the electronics maker’s stock valued at $3,386,000 after purchasing an additional 38,755 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of LG Display by 92.1% during the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock valued at $3,268,000 after purchasing an additional 372,199 shares in the last quarter.

LG Display Company Profile

(Get Free Report)

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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