LG Display (NYSE:LPL) Sees Strong Trading Volume - Here's Why

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 244,625 shares traded hands during mid-day trading, an increase of 17% from the previous session's volume of 209,405 shares.The stock last traded at $3.50 and had previously closed at $3.61.

Analysts Set New Price Targets

Several analysts recently commented on LPL shares. Bank of America began coverage on shares of LG Display in a research report on Thursday, April 24th. They set a "neutral" rating on the stock. Morgan Stanley upgraded shares of LG Display from an "underweight" rating to an "equal weight" rating in a report on Wednesday, June 11th. Finally, Wall Street Zen upgraded shares of LG Display from a "hold" rating to a "buy" rating in a report on Monday, May 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, LG Display has a consensus rating of "Hold".

LG Display Price Performance

The firm has a 50-day moving average of $3.25 and a 200 day moving average of $3.18. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.64 and a quick ratio of 0.46. The company has a market capitalization of $3.31 billion, a PE ratio of -1.86, a PEG ratio of 0.54 and a beta of 1.44.

LG Display (NYSE:LPL - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The electronics maker reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). LG Display had a negative net margin of 7.17% and a negative return on equity of 24.14%. The company had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $4.33 billion. As a group, research analysts anticipate that LG Display Co., Ltd. will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LG Display

Hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC purchased a new stake in shares of LG Display during the 1st quarter valued at about $45,000. Rhumbline Advisers increased its holdings in LG Display by 2.3% during the first quarter. Rhumbline Advisers now owns 363,341 shares of the electronics maker's stock valued at $1,130,000 after buying an additional 8,144 shares during the last quarter. Jane Street Group LLC raised its position in LG Display by 52.9% in the first quarter. Jane Street Group LLC now owns 58,648 shares of the electronics maker's stock worth $182,000 after acquiring an additional 20,285 shares during the period. Vident Advisory LLC raised its position in LG Display by 46.2% in the first quarter. Vident Advisory LLC now owns 392,350 shares of the electronics maker's stock worth $1,220,000 after acquiring an additional 123,994 shares during the period. Finally, Ieq Capital LLC purchased a new position in LG Display during the first quarter valued at $65,000.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the 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.