LG Display (NYSE:LPL) Sees Strong Trading Volume - Time to Buy?

Key Points

• LG Display shares saw unusually heavy trading on Tuesday, with about 8.17 million shares changing hands, up 352% from the prior session. The stock finished at $3.4270 after closing previously at $3.59.
• Recent analyst sentiment remains cautious: Weiss Ratings downgraded the stock and Zacks Research upgraded it only to hold, leaving LG Display with a consensus rating of “Reduce”.
• The company’s latest earnings were weaker than expected, as LG Display reported EPS of -$0.39 versus the expected -$0.22. It also posted negative margins and weak liquidity metrics, underscoring ongoing financial pressure.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 8,172,288 shares were traded during trading, an increase of 352% from the previous session's volume of 1,808,148 shares.The stock last traded at $3.4270 and had previously closed at $3.59.

Wall Street Analyst Weigh In

LPL has been the subject of a number of recent research reports. Weiss Ratings cut shares of LG Display from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Tuesday, June 23rd. Zacks Research raised shares of LG Display from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce".

LG Display Stock Down 4.6%

The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.22 and a current ratio of 0.34. The business has a 50 day simple moving average of $4.51 and a 200-day simple moving average of $4.35. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of -171.35 and a beta of 1.65.

LG Display (NYSE:LPL - Get Free Report) last announced its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.17). LG Display had a negative net margin of 0.18% and a negative return on equity of 0.68%. The firm had revenue of $3.78 billion for the quarter. On average, equities analysts expect that LG Display Co., Ltd. will post -0.21 EPS for the current year.

Institutional Trading of LG Display

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ausdal Financial Partners Inc. acquired a new position in LG Display in the fourth quarter valued at approximately $43,000. Simplicity Wealth LLC acquired a new position in shares of LG Display in the 1st quarter valued at $41,000. Creative Planning purchased a new position in shares of LG Display during the 2nd quarter worth $39,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of LG Display during the 1st quarter worth about $46,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of LG Display during the 3rd quarter worth about $63,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.