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

Key Points

• LG Display's shares opened at $4.35, down from a previous closing price of $4.88, reflecting a gap down prior to trading on Thursday.
• Among analyst ratings, Wall Street Zen upgraded LG Display to a "buy," while UBS Group downgraded it to a "sell," leading to a consensus rating of "Hold" from five analysts.
• The company reported a loss of ($0.18) earnings per share for the last quarter, missing estimates and causing concern about its financial performance amid a market cap of $4.35 billion.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $4.88, but opened at $4.35. LG Display shares last traded at $4.37, with a volume of 287,271 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wall Street Zen upgraded LG Display from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Bank of America assumed coverage on LG Display in a report on Thursday, April 24th. They issued a "neutral" rating for the company. Morgan Stanley upgraded LG Display from an "underweight" rating to an "equal weight" rating in a report on Wednesday, June 11th. Finally, UBS Group lowered LG Display from a "neutral" rating to a "sell" rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

LG Display Stock Performance

The business has a fifty day simple moving average of $3.60 and a two-hundred day simple moving average of $3.27. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.64 and a quick ratio of 0.46. The company has a market cap of $4.35 billion, a PE ratio of -2.44, a price-to-earnings-growth ratio of 0.24 and a beta of 1.44.

LG Display (NYSE:LPL - Get Free Report) last posted its earnings results on Thursday, May 15th. The electronics maker reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). The company had revenue of $4.17 billion for the quarter, compared to analysts' expectations of $4.33 billion. LG Display had a negative return on equity of 24.14% and a negative net margin of 7.17%. Research analysts anticipate that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On LG Display

A number of large investors have recently made changes to their positions in LPL. Fragasso Financial Advisors Inc acquired a new position in shares of LG Display in the 1st quarter valued at $32,000. Two Sigma Advisers LP acquired a new position in shares of LG Display in the 4th quarter valued at $32,000. Creative Planning acquired a new position in shares of LG Display in the 2nd quarter valued at $39,000. MGO One Seven LLC acquired a new position in shares of LG Display in the 2nd quarter valued at $40,000. Finally, BSW Wealth Partners acquired a new position in shares of LG Display in the 1st quarter valued at $42,000.

LG Display Company Profile

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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