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

LG Display Co., Ltd. (NYSE:LPL)’s share price gapped down prior to trading on Friday . The stock had previously closed at $5.58, but opened at $5.10. LG Display shares last traded at $5.0730, with a volume of 333,503 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Finally, Zacks Research cut shares of LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, January 29th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, LG Display has an average rating of “Reduce”.

LG Display Stock Down 9.4%

The firm has a market capitalization of $5.06 billion, a P/E ratio of 26.61, a P/E/G ratio of 0.71 and a beta of 1.54. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.73 and a quick ratio of 0.46. The company’s 50-day simple moving average is $4.28 and its two-hundred day simple moving average is $4.53.

LG Display (NYSE:LPL) last released its quarterly earnings results on Friday, February 13th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $4.61 billion for the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. As a group, research analysts expect that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On LG Display

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its position 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 stake in LG Display by 114.6% during 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 during the period. American Century Companies Inc. lifted its holdings in LG Display by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock worth $5,166,000 after purchasing an additional 161,409 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in LG Display in the 3rd quarter worth approximately $7,862,000. Finally, State Street Corp boosted its stake in LG Display by 5.1% in the 4th quarter. State Street Corp now owns 804,268 shares of the electronics maker’s stock worth $3,386,000 after purchasing an additional 38,755 shares during the period.

LG Display Company Profile

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.