LG Display (NYSE:LPL) Shares Gap Down to $3.85

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $3.85, but opened at $3.77. LG Display shares last traded at $3.81, with a volume of 7,853 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of LG Display from a "buy" rating to a "hold" rating in a research note on Wednesday, April 3rd.

LG Display Stock Performance

The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of -1.31 and a beta of 1.43. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 1.30. The stock's 50 day moving average is $4.15 and its two-hundred day moving average is $4.56.

LG Display (NYSE:LPL - Get Free Report) last issued its quarterly earnings results on Friday, March 8th. The electronics maker reported $0.06 EPS for the quarter. LG Display had a negative net margin of 12.93% and a negative return on equity of 27.97%. The firm had revenue of $5.61 billion for the quarter. Analysts expect that LG Display Co., Ltd. will post -0.9 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LG Display

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in shares of LG Display by 82.7% in the 1st quarter. BlackRock Inc. now owns 779,380 shares of the electronics maker's stock valued at $6,438,000 after purchasing an additional 352,719 shares during the period. American Century Companies Inc. raised its holdings in shares of LG Display by 77.5% in the 4th quarter. American Century Companies Inc. now owns 494,478 shares of the electronics maker's stock valued at $2,453,000 after purchasing an additional 215,950 shares during the period. UBS Group AG raised its holdings in shares of LG Display by 568.1% in the 3rd quarter. UBS Group AG now owns 121,087 shares of the electronics maker's stock valued at $591,000 after purchasing an additional 102,963 shares during the period. CI Private Wealth LLC bought a new stake in shares of LG Display in the 4th quarter valued at about $261,000. Finally, State Street Corp raised its holdings in shares of LG Display by 7.2% in the 1st quarter. State Street Corp now owns 621,462 shares of the electronics maker's stock valued at $5,133,000 after purchasing an additional 41,759 shares during the period.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the design, 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.