LG Display (NYSE:LPL) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of LG Display (NYSE:LPL) from a hold rating to a strong sell rating in a report published on Thursday,Zacks.com reports.

Separately, Weiss Ratings lowered shares of LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Sell”.

LG Display Price Performance

NYSE LPL opened at $3.17 on Thursday. The stock’s 50-day moving average price is $4.27 and its two-hundred day moving average price is $4.30. The company has a current ratio of 0.34, a quick ratio of 0.22 and a debt-to-equity ratio of 1.63. The company has a market cap of $3.17 billion, a PE ratio of -158.75 and a beta of 1.65. LG Display has a 1 year low of $3.16 and a 1 year high of $5.83.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Wednesday, July 1st. The electronics maker reported ($0.26) EPS for the quarter. LG Display had a negative net margin of 0.18% and a negative return on equity of 0.68%. The firm had revenue of $3.62 billion for the quarter. On average, analysts predict that LG Display will post -0.34 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Ausdal Financial Partners Inc. purchased a new stake in LG Display in the 4th quarter worth about $43,000. Simplicity Wealth LLC purchased a new position in LG Display during the 1st quarter valued at about $41,000. Creative Planning acquired a new position in shares of LG Display in the 2nd quarter valued at about $39,000. Allspring Global Investments Holdings LLC acquired a new position in shares of LG Display in the 1st quarter valued at about $46,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of LG Display in the third quarter worth approximately $63,000.

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.