LG Display Co., Ltd. (NYSE:LPL – Get Free Report) shares reached a new 52-week low during trading on Friday . The stock traded as low as $3.34 and last traded at $3.28, with a volume of 1826 shares trading hands. The stock had previously closed at $3.38.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a research note 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 equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, LG Display has a consensus rating of “Reduce”.
Get Our Latest Stock Analysis on LG Display
LG Display Trading Down 4.3%
LG Display (NYSE:LPL – Get Free Report) last announced its earnings results on Friday, May 15th. The electronics maker reported ($0.39) 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%. On average, equities analysts anticipate that LG Display Co., Ltd. will post -0.21 earnings per share for the current fiscal year.
Institutional Trading of LG Display
Several large investors have recently modified their holdings of the company. Creative Planning bought a new stake in LG Display during the second quarter valued at about $39,000. Simplicity Wealth LLC bought a new stake in shares of LG Display during the first quarter valued at approximately $41,000. Ausdal Financial Partners Inc. acquired a new position in shares of LG Display in the fourth quarter valued at $43,000. Allspring Global Investments Holdings LLC bought a new position in shares of LG Display during the 1st quarter worth about $46,000. Finally, XTX Topco Ltd acquired a new stake in LG Display during the second quarter valued at approximately $46,000.
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.
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