LG Display (NYSE:LPL) Stock Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• LG Display's stock price has recently crossed above its 200-day moving average of $3.27, with a current trading price of $4.91.
• Brokerage ratings for LG Display are mixed, with one firm upgrading it to a buy while others have issued sell or hold ratings, resulting in a consensus rating of "Hold".
• The company reported a loss of ($0.18) EPS for the last quarter, missing analysts' consensus estimates, and has negative metrics including a return on equity of -24.14%.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.27 and traded as high as $4.97. LG Display shares last traded at $4.91, with a volume of 1,717,900 shares.

Analyst Ratings Changes

LPL has been the subject of a number of analyst reports. Morgan Stanley raised LG Display from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, June 11th. UBS Group cut LG Display from a "neutral" rating to a "sell" rating in a research report on Wednesday, August 13th. Bank of America initiated coverage on LG Display in a research report on Thursday, April 24th. They issued a "neutral" rating for the company. Finally, Wall Street Zen raised LG Display from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, LG Display currently has a consensus rating of "Hold".

LG Display Stock Down 1.0%

The company has a current ratio of 0.64, a quick ratio of 0.46 and a debt-to-equity ratio of 0.98. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of -10.46, a PEG ratio of 0.26 and a beta of 1.44. The firm has a 50-day moving average of $3.65 and a two-hundred day moving average of $3.29.

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 the consensus estimate of $0.69 by ($0.07). LG Display had a negative net margin of 2.25% and a negative return on equity of 7.49%. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.85 billion. As a group, sell-side analysts predict that LG Display Co., Ltd. will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LG Display

Several hedge funds have recently modified their holdings of LPL. American Century Companies Inc. boosted its position in shares of LG Display by 12.0% in the second quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker's stock valued at $5,166,000 after acquiring an additional 161,409 shares during the period. Quadrant Capital Group LLC raised its holdings in LG Display by 323.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 175,947 shares of the electronics maker's stock valued at $602,000 after acquiring an additional 134,432 shares in the last quarter. Vident Advisory LLC raised its holdings in LG Display by 46.2% in the 1st quarter. Vident Advisory LLC now owns 392,350 shares of the electronics maker's stock valued at $1,220,000 after acquiring an additional 123,994 shares in the last quarter. Cerity Partners LLC raised its holdings in LG Display by 498.6% in the 1st quarter. Cerity Partners LLC now owns 128,662 shares of the electronics maker's stock valued at $400,000 after acquiring an additional 107,167 shares in the last quarter. Finally, Ethic Inc. raised its holdings in LG Display by 58.3% in the 2nd quarter. Ethic Inc. now owns 259,673 shares of the electronics maker's stock valued at $904,000 after acquiring an additional 95,675 shares in the last quarter.

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.