LG Display (NYSE:LPL) Sees Strong Trading Volume - Still a Buy?

Key Points

• LG Display (NYSE:LPL) shares experienced a significant increase in trading volume, with around 809,531 shares traded, marking a 170% rise from the previous session.
• Despite recent trading activity, analysts have mixed ratings for LG Display, with a consensus rating of "Reduce" and Morgan Stanley recently upgrading the stock to "equal weight".
• The company reported a loss of $0.07 EPS compared to analysts' expectations, although its revenue of $4.09 billion exceeded forecasts of $3.85 billion.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 809,531 shares were traded during mid-day trading, an increase of 170% from the previous session's volume of 299,613 shares.The stock last traded at $4.51 and had previously closed at $4.46.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LPL shares. Morgan Stanley raised shares of LG Display from an "underweight" rating to an "equal weight" rating in a report on Wednesday, June 11th. UBS Group lowered LG Display from a "neutral" rating to a "sell" rating in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce".

LG Display Trading Up 0.9%

The company has a market cap of $4.50 billion, a price-to-earnings ratio of -10.71, a P/E/G ratio of 0.26 and a beta of 1.41. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37. The firm's fifty day moving average price is $4.03 and its 200-day moving average price is $3.45.

LG Display (NYSE:LPL - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The electronics maker reported $0.62 earnings per share 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 the consensus estimate of $3.85 billion. LG Display had a negative net margin of 2.25% and a negative return on equity of 7.60%. On average, equities analysts expect that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Institutional Trading of LG Display

Several institutional investors have recently modified their holdings of the company. Fragasso Financial Advisors Inc bought a new stake in shares of LG Display in the 1st quarter worth approximately $32,000. Two Sigma Advisers LP acquired a new position in shares of LG Display in the fourth quarter worth $32,000. Creative Planning acquired a new position in shares of LG Display in the second quarter worth $39,000. MGO One Seven LLC acquired a new position in LG Display in the second quarter worth approximately $40,000. Finally, XTX Topco Ltd bought a new stake in LG Display in the second quarter worth $46,000.

About LG Display

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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