LG Display (NYSE:LPL) Reaches New 52-Week Low - Should You Sell?

Key Points

• LG Display shares fell to a new 52-week low of $2.56, below the 50-day and 200-day moving averages of $3.00 and $3.88, respectively.
• Analyst sentiment remains cautious: one analyst rates the stock “Hold” and another “Sell,” resulting in a consensus “Reduce” rating.
• The company reported quarterly revenue of $4.62 billion and earnings per share of $0.55, but continues to show a negative net margin and return on equity; analysts expect a full-year loss of $0.14 per share.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday. The company traded as low as $2.56 and last traded at $2.5650, with a volume of 768,792 shares changing hands. The stock had previously closed at $2.71.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on LPL shares. Weiss Ratings raised LG Display from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, August 14th. Zacks Research upgraded LG Display from a "strong sell" rating to a "hold" rating in a research note on Monday, September 21st. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce".

LG Display Price Performance

The business has a 50 day moving average of $3.00 and a 200 day moving average of $3.88. The company has a market cap of $2.60 billion, a PE ratio of -2.85 and a beta of 1.73. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.63 and a quick ratio of 0.37.

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

Institutional Trading of LG Display

Several large investors have recently added to or reduced their stakes in LPL. Simplicity Wealth LLC purchased a new position in LG Display during the first quarter valued at approximately $41,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of LG Display during the 1st quarter worth approximately $46,000. Financial Planning Navigators CORP bought a new position in LG Display during the third quarter valued at $40,000. Cetera Investment Advisers grew its position in LG Display by 18.8% in the first quarter. Cetera Investment Advisers now owns 14,580 shares of the electronics maker's stock worth $57,000 after acquiring an additional 2,308 shares in the last quarter. Finally, Nykredit A S purchased a new stake in LG Display during the 2nd quarter valued at $59,000.

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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