LG Display (NYSE:LPL) Shares Gap Down – Here’s Why

LG Display Co., Ltd. (NYSE:LPL) gapped down prior to trading on Monday . The stock had previously closed at $4.49, but opened at $4.29. LG Display shares last traded at $4.3150, with a volume of 540,533 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LPL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Wall Street Zen lowered LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, LG Display presently has a consensus rating of “Reduce”.

LG Display Trading Up 2.5%

The business’s 50 day simple moving average is $4.22 and its 200-day simple moving average is $4.44. 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 stock has a market capitalization of $4.56 billion, a P/E ratio of 24.00, a PEG ratio of 2.02 and a beta of 1.56.

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

Hedge Funds Weigh In On LG Display

Hedge funds have recently added to or reduced their stakes in the stock. Creative Planning bought a new position in LG Display during the second quarter worth about $39,000. Ausdal Financial Partners Inc. bought a new stake in shares of LG Display in the 4th quarter valued at about $43,000. XTX Topco Ltd acquired a new stake in shares of LG Display in the 2nd quarter valued at approximately $46,000. Cetera Investment Advisers acquired a new stake in shares of LG Display in the 4th quarter valued at approximately $52,000. Finally, Sei Investments Co. bought a new position in LG Display during the 2nd quarter worth approximately $52,000.

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.