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

Key Points

• LG Display shares gapped up premarket, opening at $4.41 versus a $4.23 close and last trading around $4.4640 on roughly 361,332 shares.
• Analysts' consensus is a Reduce rating—four Holds and one Sell—with recent moves including Weiss reaffirming a Sell, Wall Street Zen cutting Buy to Hold, and Zacks upgrading Strong Sell to Hold.
• Latest quarter showed an EPS of ($0.14) on $4.61 billion revenue with thin profitability (net margin 0.98%, ROE 3.26%); the stock has a $4.49 billion market cap, a P/E of 23.6, and analysts expect about $0.59 EPS for the year.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $4.23, but opened at $4.41. LG Display shares last traded at $4.4640, with a volume of 361,332 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LPL. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of LG Display in a research note on Thursday, January 22nd. Wall Street Zen lowered shares of LG Display from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Finally, Zacks Research raised shares of LG Display from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, LG Display currently has an average rating of "Reduce".

LG Display Price Performance

The company has a debt-to-equity ratio of 1.14, a current ratio of 0.73 and a quick ratio of 0.46. The firm's 50 day moving average is $4.18 and its 200 day moving average is $4.46. The firm has a market cap of $4.49 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 1.95 and a beta of 1.56.

LG Display (NYSE:LPL - Get Free Report) last posted its quarterly earnings data on Friday, February 13th. The electronics maker reported ($0.14) EPS for the quarter. LG Display had a return on equity of 3.26% and a net margin of 0.98%.The business had revenue of $4.61 billion for the quarter. As a group, analysts anticipate that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Creative Planning purchased a new position in LG Display in the second quarter worth about $39,000. Ausdal Financial Partners Inc. purchased a new position in LG Display in the fourth quarter worth about $43,000. XTX Topco Ltd purchased a new position in LG Display in the second quarter worth about $46,000. Cetera Investment Advisers purchased a new position in LG Display in the fourth quarter worth about $52,000. Finally, Sei Investments Co. purchased a new position in LG Display in the second quarter worth about $52,000.

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.

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