LG Display (NYSE:LPL) Shares Gap Down to $4.25

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $4.25, but opened at $4.10. LG Display shares last traded at $4.06, with a volume of 6,040,172 shares traded.

Analyst Ratings Changes

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

LG Display Stock Performance

The company has a debt-to-equity ratio of 1.30, a current ratio of 0.68 and a quick ratio of 0.50. The stock has a 50-day moving average price of $4.06 and a 200-day moving average price of $4.52. The firm has a market capitalization of $4.01 billion, a PE ratio of -1.36 and a beta of 1.42.

LG Display (NYSE:LPL - Get Free Report) last posted its quarterly earnings data on Friday, March 8th. The electronics maker reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $5.61 billion for the quarter. LG Display had a negative return on equity of 27.97% and a negative net margin of 12.93%. On average, research analysts expect that LG Display Co., Ltd. will post -0.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its stake in LG Display by 2.4% in the third quarter. Rhumbline Advisers now owns 462,558 shares of the electronics maker's stock worth $2,257,000 after purchasing an additional 11,005 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of LG Display by 12.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 205,702 shares of the electronics maker's stock valued at $1,004,000 after acquiring an additional 22,296 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of LG Display by 69.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker's stock valued at $364,000 after acquiring an additional 36,483 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in LG Display by 101.2% during the first quarter. BNP Paribas Financial Markets now owns 79,582 shares of the electronics maker's stock worth $326,000 after purchasing an additional 40,035 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in LG Display by 6.2% in the third quarter. PNC Financial Services Group Inc. now owns 67,907 shares of the electronics maker's stock worth $331,000 after purchasing an additional 3,980 shares during the period.

About LG Display

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.