LG Display (NYSE:LPL) Shares Gap Down - What's Next?

Key Points

• LG Display shares faced a **significant decline**, opening at $5.06 after closing at $5.37 and last trading at $5.08.
• Analysts have mixed ratings on LG Display, with a majority suggesting a **"Reduce"** rating, while UBS upgraded the stock to **"neutral."**
• The company reported **$0.62 EPS**, missing earnings estimates, with a market capitalization of **$5.15 billion** and a negative return on equity of **7.60%.**

LG Display Co., Ltd. (NYSE:LPL - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $5.37, but opened at $5.06. LG Display shares last traded at $5.08, with a volume of 254,874 shares changing hands.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of LG Display in a research note on Wednesday, October 8th. UBS Group upgraded shares of LG Display from a "sell" rating to a "neutral" rating in a research report on Tuesday, September 23rd. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce".

LG Display Trading Down 4.2%

The stock has a market cap of $5.15 billion, a price-to-earnings ratio of -12.25, a P/E/G ratio of 0.29 and a beta of 1.49. The business's fifty day simple moving average is $4.66 and its 200 day simple moving average is $3.72. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37.

LG Display (NYSE:LPL - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The electronics maker reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.07). The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.85 billion. LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%. On average, research analysts predict that LG Display Co., Ltd. will post 0.59 EPS for the current year.

Institutional Investors Weigh In On LG Display

A number of hedge funds have recently added to or reduced their stakes in the stock. Fragasso Financial Advisors Inc bought a new stake in shares of LG Display during the third quarter valued at about $67,000. GAMMA Investing LLC grew its stake in LG Display by 12.6% during the 3rd quarter. GAMMA Investing LLC now owns 73,924 shares of the electronics maker's stock valued at $386,000 after acquiring an additional 8,289 shares in the last quarter. Corient Private Wealth LLC grew its stake in LG Display by 32.9% during the 2nd quarter. Corient Private Wealth LLC now owns 180,700 shares of the electronics maker's stock valued at $618,000 after acquiring an additional 44,742 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of LG Display by 60.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 32,355 shares of the electronics maker's stock valued at $111,000 after buying an additional 12,194 shares during the last quarter. Finally, Sei Investments Co. acquired a new stake in shares of LG Display during the 2nd quarter valued at about $52,000.

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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