Shares of LG Display Co., Ltd. (NYSE:LPL - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $4.94, but opened at $5.08. LG Display shares last traded at $5.16, with a volume of 149,414 shares trading hands.
Analyst Ratings Changes
A number of research firms have commented on LPL. Morgan Stanley upgraded shares of LG Display from an "underweight" rating to an "equal weight" rating in a report on Wednesday, June 11th. UBS Group upgraded shares of LG Display from a "sell" rating to a "neutral" rating in a report on Tuesday. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce".
Check Out Our Latest Stock Analysis on LPL
LG Display Price Performance
The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.37 and a current ratio of 0.62. The stock has a market cap of $5.18 billion, a PE ratio of -12.32, a PEG ratio of 0.29 and a beta of 1.41. The stock's 50-day moving average is $4.23 and its two-hundred day moving average is $3.52.
LG Display (NYSE:LPL - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The electronics maker reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.07). The company had revenue of $4.09 billion for the quarter, compared to analysts' expectations 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, equities analysts predict that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.
Hedge Funds Weigh In On LG Display
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its stake in LG Display by 21.2% in the fourth quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker's stock valued at $64,000 after purchasing an additional 3,661 shares during the period. Inspire Investing LLC increased its stake in LG Display by 29.5% in the second quarter. Inspire Investing LLC now owns 18,690 shares of the electronics maker's stock valued at $64,000 after purchasing an additional 4,259 shares during the period. BSW Wealth Partners increased its stake in LG Display by 32.1% in the second quarter. BSW Wealth Partners now owns 17,697 shares of the electronics maker's stock valued at $61,000 after purchasing an additional 4,298 shares during the period. Yousif Capital Management LLC increased its stake in LG Display by 47.4% in the second quarter. Yousif Capital Management LLC now owns 16,340 shares of the electronics maker's stock valued at $56,000 after purchasing an additional 5,255 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in LG Display by 28.5% in the second quarter. Coldstream Capital Management Inc. now owns 26,711 shares of the electronics maker's stock valued at $91,000 after purchasing an additional 5,921 shares during the period.
About LG Display
(
Get Free Report)
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.
Further Reading
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