LG Display (NYSE:LPL) Shares Pass Above Two Hundred Day Moving Average - What's Next?

Key Points

• LG Display's stock price recently surpassed its 200-day moving average of $3.46, reaching a high of $4.96 during trading.
• Analysts have mixed views on the stock, with Morgan Stanley upgrading it to "equal weight" while UBS downgraded it to "sell", leading to an overall average rating of "Reduce".
• In its latest quarterly earnings report, LG Display reported a miss on earnings per share at $0.62, falling short of the consensus estimate of $0.69, though revenue exceeded expectations at $4.09 billion.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.46 and traded as high as $4.96. LG Display shares last traded at $4.95, with a volume of 991,837 shares.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. UBS Group lowered LG Display from a "neutral" rating to a "sell" rating in a report on Wednesday, August 13th. Morgan Stanley raised LG Display from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, June 11th. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Reduce".

LG Display Stock Performance

The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of -11.40, a P/E/G ratio of 0.28 and a beta of 1.41. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 1.06. The stock has a 50-day moving average price of $4.14 and a 200 day moving average price of $3.49.

LG Display (NYSE:LPL - Get Free Report) last announced 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 company had revenue of $4.09 billion for 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, analysts forecast that LG Display Co., Ltd. will post 0.59 EPS for the current year.

Institutional Investors Weigh In On LG Display

Institutional investors have recently added to or reduced their stakes in the business. Cerity Partners LLC lifted its stake in LG Display by 498.6% in the first quarter. Cerity Partners LLC now owns 128,662 shares of the electronics maker's stock valued at $400,000 after buying an additional 107,167 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of LG Display by 161.2% during the first quarter. Sequoia Financial Advisors LLC now owns 99,944 shares of the electronics maker's stock worth $311,000 after purchasing an additional 61,679 shares during the last quarter. Ethic Inc. raised its stake in shares of LG Display by 87.7% during the first quarter. Ethic Inc. now owns 163,998 shares of the electronics maker's stock worth $505,000 after purchasing an additional 76,633 shares during the last quarter. Vident Advisory LLC raised its stake in shares of LG Display by 46.2% during the first quarter. Vident Advisory LLC now owns 392,350 shares of the electronics maker's stock worth $1,220,000 after purchasing an additional 123,994 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of LG Display by 1,380.7% during the first quarter. GAMMA Investing LLC now owns 68,423 shares of the electronics maker's stock worth $213,000 after purchasing an additional 63,802 shares during the last quarter.

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.