LG Display (NYSE:LPL – Get Free Report) released its quarterly earnings results on Friday. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.17), Zacks reports. LG Display had a return on equity of 3.26% and a net margin of 0.98%.
LG Display Stock Performance
Shares of LPL stock traded down $0.52 during midday trading on Friday, hitting $4.82. The company had a trading volume of 1,748,520 shares, compared to its average volume of 2,009,157. The company’s 50 day simple moving average is $4.30 and its 200 day simple moving average is $4.35. LG Display has a 52-week low of $2.97 and a 52-week high of $5.67. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 25.34 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.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on LPL. Wall Street Zen downgraded LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings downgraded LG Display from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, May 7th. Finally, Zacks Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Three investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, LG Display currently has an average rating of “Reduce”.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. Ausdal Financial Partners Inc. purchased a new position in shares of LG Display in the 4th quarter valued at approximately $43,000. Creative Planning purchased a new position in shares of LG Display in the 2nd quarter valued at approximately $39,000. Mercer Global Advisors Inc. ADV purchased a new position in shares of LG Display in the 3rd quarter valued at approximately $63,000. Cetera Investment Advisers purchased a new position in shares of LG Display in the 4th quarter valued at approximately $52,000. Finally, Virtu Financial LLC purchased a new position in shares of LG Display in the 3rd quarter valued at approximately $67,000.
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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