LG Display (NYSE:LPL) Shares Gap Down - Here's What Happened

Key Points

• LG Display shares gapped down premarket, opening at $4.47 after a $5.37 close and trading around $4.5050 (down ~17.8%) on roughly 299,000 shares.
• Analyst sentiment is a consensus Reduce (four Holds, one Sell); recent moves include Zacks upgrading to Hold, Wall Street Zen downgrading to Hold, and Weiss Ratings maintaining a Sell (D-).
• Fundamentals show EPS of -$0.14 last quarter on $4.61B revenue with a net margin below 1% and ROE 3.26%; market cap is $4.42B and liquidity metrics are weak (current ratio 0.73, quick ratio 0.46), while analysts forecast 0.08 EPS for the fiscal year.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $5.37, but opened at $4.47. LG Display shares last traded at $4.5050, with a volume of 299,188 shares traded.

Wall Street Analysts Forecast Growth

LPL has been the subject of several research analyst reports. Zacks Research upgraded LG Display from a "strong sell" rating to a "hold" rating in a report on Monday, March 30th. Wall Street Zen downgraded LG Display from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of LG Display in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce".

LG Display Trading Down 17.8%

The stock has a 50 day simple moving average of $4.35 and a 200-day simple moving average of $4.43. The firm has a market capitalization of $4.42 billion, a P/E ratio of 23.24, a P/E/G ratio of 2.30 and a beta of 1.56. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14.

LG Display (NYSE:LPL - Get Free Report) last released its quarterly earnings results on Friday, February 13th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $4.61 billion for the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. On average, equities research analysts forecast that LG Display Co., Ltd. will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

A number of large investors have recently made changes to their positions in LPL. Verdence Capital Advisors LLC grew its stake in shares of LG Display by 14.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 16,125 shares of the electronics maker's stock valued at $80,000 after acquiring an additional 2,060 shares during the period. Plan A Wealth LLC grew its stake in shares of LG Display by 21.4% during the 3rd quarter. Plan A Wealth LLC now owns 13,002 shares of the electronics maker's stock valued at $68,000 after acquiring an additional 2,296 shares during the period. CWM LLC grew its stake in shares of LG Display by 14.4% during the 4th quarter. CWM LLC now owns 27,617 shares of the electronics maker's stock valued at $116,000 after acquiring an additional 3,469 shares during the period. Diversified Trust Co. grew its stake in shares of LG Display by 34.1% during the 4th quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker's stock valued at $78,000 after acquiring an additional 4,723 shares during the period. Finally, Ieq Capital LLC grew its stake in shares of LG Display by 4.2% during the 4th quarter. Ieq Capital LLC now owns 120,985 shares of the electronics maker's stock valued at $509,000 after acquiring an additional 4,870 shares during the period.

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.