LG Display (NYSE:LPL) Reaches New 1-Year Low - Here's What Happened

Key Points

• LG Display shares hit a new 52-week low, trading as low as $2.52 versus a prior close of $2.65.
• Analyst sentiment remains cautious: MarketBeat reports a consensus “Reduce” rating, with one Hold and one Sell rating.
• The company reported quarterly EPS of $0.55 on $4.62 billion in revenue, but had a negative net margin of 5.26%; analysts forecast a loss of $0.14 per share for the current fiscal year.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares hit a new 52-week low during trading on Thursday. The stock traded as low as $2.52 and last traded at $2.5050, with a volume of 578,630 shares changing hands. The stock had previously closed at $2.65.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Weiss Ratings upgraded LG Display from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, August 14th. Zacks Research raised LG Display from a "strong sell" rating to a "hold" rating in a research note on Monday, September 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, LG Display currently has a consensus rating of "Reduce".

LG Display Price Performance

The company has a debt-to-equity ratio of 0.96, a current ratio of 0.63 and a quick ratio of 0.37. The company has a market capitalization of $2.50 billion, a PE ratio of -2.74 and a beta of 1.77. The stock's 50 day simple moving average is $2.95 and its 200-day simple moving average is $3.85.

LG Display (NYSE:LPL - Get Free Report) last posted its quarterly earnings results on Friday, October 30th. The electronics maker reported $0.55 earnings per share (EPS) for the quarter. The company had revenue of $4.62 billion for the quarter. LG Display had a negative return on equity of 19.82% and a negative net margin of 5.26%. As a group, equities analysts forecast that LG Display Co., Ltd. will post -0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LG Display

Hedge funds have recently made changes to their positions in the business. Corient Private Wealth LP raised its position in shares of LG Display by 23.9% in the 2nd quarter. Corient Private Wealth LP now owns 592,123 shares of the electronics maker's stock worth $2,303,000 after buying an additional 114,381 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of LG Display by 112.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 504,582 shares of the electronics maker's stock worth $1,963,000 after purchasing an additional 267,189 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of LG Display by 37.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 320,244 shares of the electronics maker's stock worth $1,243,000 after purchasing an additional 87,055 shares during the period. First Trust Advisors LP lifted its stake in shares of LG Display by 135.3% in the 1st quarter. First Trust Advisors LP now owns 229,715 shares of the electronics maker's stock valued at $891,000 after purchasing an additional 132,096 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of LG Display during the 2nd quarter worth about $647,000.

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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