LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares saw strong trading volume on Monday . 302,883 shares changed hands during trading, an increase of 10% from the previous session's volume of 274,836 shares.The stock last traded at $4.28 and had previously closed at $4.29.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Wall Street Zen raised LG Display from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Morgan Stanley raised LG Display from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, June 11th. Finally, UBS Group cut LG Display from a "neutral" rating to a "sell" rating in a research note on Wednesday, August 13th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, LG Display has an average rating of "Reduce".
Read Our Latest Stock Report on LG Display
LG Display Price Performance
The company has a market capitalization of $4.44 billion, a PE ratio of -10.56, a P/E/G ratio of 0.26 and a beta of 1.44. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $3.81 and a 200-day simple moving average of $3.36.
LG Display (NYSE:LPL - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.07). The business had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $3.85 billion. LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%. Equities analysts anticipate that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.
Institutional Trading of LG Display
Institutional investors and hedge funds have recently made changes to their positions in the company. Fragasso Financial Advisors Inc purchased a new stake in shares of LG Display in the 1st quarter valued at about $32,000. Two Sigma Advisers LP purchased a new stake in shares of LG Display in the 4th quarter valued at about $32,000. Creative Planning purchased a new stake in shares of LG Display in the 2nd quarter valued at about $39,000. MGO One Seven LLC purchased a new stake in shares of LG Display in the 2nd quarter valued at about $40,000. Finally, XTX Topco Ltd purchased a new stake in shares of LG Display in the 2nd quarter valued at about $46,000.
About LG Display
(
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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.
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