LG Display Co., Ltd. (NYSE:LPL - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 952,500 shares, a growth of 53.7% from the August 15th total of 619,700 shares. Based on an average daily volume of 409,200 shares, the short-interest ratio is currently 2.3 days. Approximately 0.1% of the company's shares are short sold. Approximately 0.1% of the company's shares are short sold. Based on an average daily volume of 409,200 shares, the short-interest ratio is currently 2.3 days.
Hedge Funds Weigh In On LG Display
Institutional investors and hedge funds have recently made changes to their positions in the company. Fragasso Financial Advisors Inc acquired a new position in shares of LG Display in the 1st quarter valued at $32,000. Two Sigma Advisers LP acquired a new position in LG Display in the 4th quarter worth $32,000. Creative Planning acquired a new position in LG Display in the 2nd quarter worth $39,000. MGO One Seven LLC acquired a new position in LG Display in the 2nd quarter worth $40,000. Finally, XTX Topco Ltd acquired a new position in LG Display in the 2nd quarter worth $46,000.
LG Display Trading Up 0.9%
Shares of LPL stock traded up $0.04 on Monday, hitting $4.50. The stock had a trading volume of 1,346,683 shares, compared to its average volume of 548,180. LG Display has a twelve month low of $2.43 and a twelve month high of $4.97. The firm has a market cap of $4.50 billion, a P/E ratio of -10.71, a PEG ratio of 0.26 and a beta of 1.41. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 1.06. The company has a fifty day moving average price of $4.03 and a two-hundred day moving average price of $3.45.
LG Display (NYSE:LPL - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.07). LG Display had a negative net margin of 2.25% and a negative return on equity of 7.60%. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.85 billion. As a group, analysts forecast that LG Display will post 0.59 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Morgan Stanley raised shares of LG Display from an "underweight" rating to an "equal weight" rating in a report on Wednesday, June 11th. UBS Group lowered shares of LG Display from a "neutral" rating to a "sell" rating in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, LG Display currently has an average rating of "Reduce".
Check Out Our Latest Report on LPL
About LG Display
(
Get Free Report)
LG Display Co, Ltd., together with its subsidiaries, engages in the 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider LG Display, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and LG Display wasn't on the list.
While LG Display currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
