LG Display (NYSE:LPL) Hits New 1-Year Low - Should You Sell?

Key Points

• LG Display shares fell to a new 52-week low of $2.56, trading well below their 50-day and 200-day moving averages of $3.09 and $3.80, respectively.
• Analyst sentiment remains cautious: ratings include one Hold and one Sell, producing an average MarketBeat rating of “Reduce.” Analysts expect the company to report a loss of $0.34 per share for the current fiscal year.
• The latest quarter showed mixed results: LG Display reported EPS of $0.55, beating estimates of $0.16, but revenue of $4.62 billion missed expectations and the company continued to post negative net margin and return on equity.

Shares of LG Display Co., Ltd. (NYSE:LPL - Get Free Report) reached a new 52-week low during trading on Thursday. The company traded as low as $2.56 and last traded at $2.6240, with a volume of 16,427 shares traded. The stock had previously closed at $2.64.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Zacks Research upgraded LG Display from a "strong sell" rating to a "hold" rating in a research report on Monday, September 21st. Weiss Ratings raised LG Display from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce".

LG Display Price Performance

The firm has a market cap of $2.62 billion, a price-to-earnings ratio of -2.87 and a beta of 1.73. The company has a current ratio of 0.63, a quick ratio of 0.37 and a debt-to-equity ratio of 0.96. The business's 50-day simple moving average is $3.09 and its two-hundred day simple moving average is $3.80.

LG Display (NYSE:LPL - Get Free Report) last issued its earnings results on Friday, October 30th. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.39. LG Display had a negative net margin of 5.26% and a negative return on equity of 19.82%. The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.78 billion. As a group, research analysts expect that LG Display Co., Ltd. will post -0.34 EPS 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 company. Cetera Investment Advisers boosted its holdings in shares of LG Display by 18.8% in the 1st quarter. Cetera Investment Advisers now owns 14,580 shares of the electronics maker's stock worth $57,000 after buying an additional 2,308 shares during the last quarter. GAMMA Investing LLC increased its holdings in LG Display by 4.6% in the 2nd quarter. GAMMA Investing LLC now owns 87,102 shares of the electronics maker's stock worth $339,000 after acquiring an additional 3,808 shares during the last quarter. Inspire Investing LLC raised its stake in LG Display by 30.0% in the 1st quarter. Inspire Investing LLC now owns 20,153 shares of the electronics maker's stock valued at $78,000 after acquiring an additional 4,654 shares during the period. Plan A Wealth LLC lifted its stake in shares of LG Display by 40.2% during the 3rd quarter. Plan A Wealth LLC now owns 22,908 shares of the electronics maker's stock valued at $68,000 after buying an additional 6,571 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in LG Display by 82.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 17,799 shares of the electronics maker's stock valued at $69,000 after acquiring an additional 8,032 shares during the period.

About LG Display

LG Display Co, Ltd. is a South Korean manufacturer of display panels and related display technologies. The company develops and produces OLED and LCD panels used in televisions, monitors, notebook computers, tablets, smartphones, automotive displays and other smart devices.

Its product portfolio includes large OLED panels for premium televisions, OLED and LCD panels for information technology products, automotive display solutions and specialized displays for commercial and industrial applications.

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