LG Display (NYSE:LPL) Reaches New 52-Week Low - Time to Sell?

Key Points

• LG Display hit a new 52-week low, trading as low as $3.16 on Friday before closing near $3.18, reflecting continued pressure on the stock.
• Analyst sentiment remains weak: Weiss Ratings cut the stock to a lower "sell" grade, and the consensus rating from MarketBeat is currently "Reduce".
• The company’s latest results showed a loss of $0.26 per share on $3.62 billion in revenue, with analysts expecting another loss for the full fiscal year.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as $3.16 and last traded at $3.1750, with a volume of 2869965 shares changing hands. The stock had previously closed at $3.37.

Wall Street Analysts Forecast Growth

LPL has been the topic of a number of research analyst reports. Weiss Ratings lowered shares of LG Display from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, June 23rd. Zacks Research upgraded LG Display from a "strong sell" rating to a "hold" rating in a report on Monday, March 30th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, LG Display has a consensus rating of "Reduce".

LG Display Price Performance

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 50 day simple moving average of $4.31 and a 200 day simple moving average of $4.31. The stock has a market cap of $3.17 billion, a P/E ratio of -158.75 and a beta of 1.65.

LG Display (NYSE:LPL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The electronics maker reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $3.62 billion during the quarter. LG Display had a negative net margin of 0.18% and a negative return on equity of 0.68%. Sell-side analysts forecast that LG Display Co., Ltd. will post -0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LG Display

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in shares of LG Display by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,826,043 shares of the electronics maker's stock worth $19,973,000 after buying an additional 15,767 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in LG Display by 114.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker's stock worth $10,174,000 after acquiring an additional 1,040,826 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in LG Display during the third quarter worth about $7,862,000. State Street Corp boosted its position in LG Display by 5.1% during the fourth quarter. State Street Corp now owns 804,268 shares of the electronics maker's stock valued at $3,386,000 after purchasing an additional 38,755 shares during the last quarter. Finally, Millennium Management LLC grew its stake in LG Display by 92.1% in the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker's stock valued at $3,268,000 after purchasing an additional 372,199 shares in the last quarter.

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.

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