LG Display (NYSE:LPL) Stock Price Passes Above 200-Day Moving Average - Here's Why

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 share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

Several brokerages recently weighed in on LPL. Wall Street Zen raised LG Display from a "hold" rating to a "buy" rating in a report on Monday, May 12th. UBS Group lowered LG Display from a "neutral" rating to a "sell" rating in a report on Wednesday. Bank of America began coverage on LG Display in a report on Thursday, April 24th. They issued a "neutral" rating for the company. Finally, Morgan Stanley raised LG Display from an "underweight" rating to an "equal weight" rating in a report on Wednesday, June 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, LG Display presently has a consensus rating of "Hold".

LG Display Trading Up 20.3%

The firm has a 50 day simple moving average of $3.60 and a 200 day simple moving average of $3.27. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.46 and a current ratio of 0.64. The firm has a market cap of $4.91 billion, a P/E ratio of -2.76, a P/E/G ratio of 0.24 and a beta of 1.44.

LG Display (NYSE:LPL - Get Free Report) last issued its earnings results on Thursday, May 15th. The electronics maker reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.38). The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.33 billion. LG Display had a negative return on equity of 24.14% and a negative net margin of 7.17%. On average, equities research analysts predict that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Institutional Trading of LG Display

Large investors have recently modified their holdings of the business. Fragasso Financial Advisors Inc bought a new stake in shares of LG Display during the 1st quarter valued at about $32,000. Two Sigma Advisers LP bought a new stake in shares of LG Display during the 4th quarter valued at about $32,000. Creative Planning bought a new stake in shares of LG Display during the 2nd quarter valued at about $39,000. MGO One Seven LLC bought a new stake in shares of LG Display during the 2nd quarter valued at about $40,000. Finally, XTX Topco Ltd bought a new stake in shares of LG Display during the 2nd quarter valued at about $46,000.

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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