LG Display (NYSE:LPL) Hits New 1-Year Low at $5.40

LG Display Co., Ltd. (NYSE:LPLGet Rating)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $5.40 and last traded at $5.40, with a volume of 2234 shares. The stock had previously closed at $5.45.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut LG Display from a “c-” rating to a “d+” rating in a research report on Wednesday, September 7th. Four research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LG Display currently has a consensus rating of “Hold”.

LG Display Stock Performance

The company has a market capitalization of $3.76 billion, a PE ratio of 16.94 and a beta of 1.29. The firm has a 50-day moving average of $5.84 and a two-hundred day moving average of $6.62. The company has a quick ratio of 0.49, a current ratio of 0.80 and a debt-to-equity ratio of 0.55.

Institutional Trading of LG Display

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Glassman Wealth Services increased its position in shares of LG Display by 111.1% in the fourth quarter. Glassman Wealth Services now owns 3,291 shares of the electronics maker’s stock valued at $33,000 after buying an additional 1,732 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of LG Display by 7.0% in the second quarter. Envestnet Asset Management Inc. now owns 29,312 shares of the electronics maker’s stock worth $164,000 after acquiring an additional 1,905 shares during the last quarter. Alera Investment Advisors LLC boosted its stake in shares of LG Display by 18.7% in the second quarter. Alera Investment Advisors LLC now owns 12,203 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 1,925 shares during the last quarter. CAPROCK Group Inc. boosted its stake in shares of LG Display by 19.1% in the second quarter. CAPROCK Group Inc. now owns 17,718 shares of the electronics maker’s stock worth $99,000 after acquiring an additional 2,838 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of LG Display by 4.3% in the first quarter. Bank of America Corp DE now owns 72,171 shares of the electronics maker’s stock worth $596,000 after acquiring an additional 2,980 shares during the last quarter. 2.39% of the stock is currently owned by hedge funds and other institutional investors.

LG Display Company Profile

(Get Rating)

LG Display Co, Ltd. engages in the design, manufacture, and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.

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