LG Display Co., Ltd. (NYSE:LPL – Get Free Report) shares hit a new 52-week low during trading on Friday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock traded as low as $3.16 and last traded at $3.1750, with a volume of 2869965 shares trading hands. The stock had previously closed at $3.37.
Separately, Weiss Ratings lowered LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 23rd. One investment analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Sell”.
Read Our Latest Research Report on LG Display
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LG Display Price Performance
The firm has a market cap of $3.17 billion, a price-to-earnings ratio of -158.75 and a beta of 1.65. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.22 and a current ratio of 0.34. The business has a 50 day simple moving average of $4.27 and a 200-day simple moving average of $4.30.
LG Display (NYSE:LPL – Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The electronics maker reported ($0.26) EPS for the quarter. The company had revenue of $3.62 billion for the quarter. LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%. Equities research analysts expect that LG Display Co., Ltd. will post -0.34 earnings per share for the current year.
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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