LG Display (NYSE:LPL) Sees Strong Trading Volume - Should You Buy?

Key Points

• LG Display shares fell 6.7% to $3.335, with approximately 1.88 million shares traded—an 8% decline in volume from the prior session.
• Analyst sentiment is bearish: Zacks Research downgraded the stock to “strong sell,” while the broader analyst consensus is “Sell,” based on one Hold and two Sell ratings.
• The company reported a quarterly loss of $0.26 per share on $3.62 billion in revenue, while its weak liquidity ratios and projected full-year loss highlight ongoing financial challenges.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 1,875,997 shares changed hands during mid-day trading, a decline of 8% from the previous session's volume of 2,045,333 shares.The stock last traded at $3.3350 and had previously closed at $3.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Zacks Research lowered shares of LG Display from a "hold" rating to a "strong sell" rating in a research note on Thursday, July 23rd. Weiss Ratings raised shares of LG Display from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Sell".

LG Display Trading Down 6.7%

The stock has a market capitalization of $3.29 billion, a P/E ratio of -165.25 and a beta of 1.69. The business has a 50 day simple moving average of $3.68 and a 200-day simple moving average of $4.18. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.22 and a current ratio of 0.34.

LG Display (NYSE:LPL - Get Free Report) last announced 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 return on equity of 0.68% and a negative net margin of 0.18%. On average, analysts predict that LG Display Co., Ltd. will post -0.34 EPS for the current year.

Institutional Trading of LG Display

Hedge funds and other institutional investors have recently modified their holdings of the business. Corient Private Wealth LLC lifted its position in LG Display by 32.9% in the 2nd quarter. Corient Private Wealth LLC now owns 180,700 shares of the electronics maker's stock worth $618,000 after buying an additional 44,742 shares in the last quarter. Bank of America Corp DE grew its stake in LG Display by 56.0% in the third quarter. Bank of America Corp DE now owns 102,549 shares of the electronics maker's stock valued at $535,000 after purchasing an additional 36,799 shares in the last quarter. Virtu Financial LLC purchased a new position in LG Display in the third quarter valued at about $67,000. Sei Investments Co. acquired a new position in LG Display in the 2nd quarter worth about $52,000. Finally, Cetera Investment Advisers acquired a new stake in shares of LG Display during the 4th quarter valued at about $52,000.

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.

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