LG Display (NYSE:LPL) Sets New 1-Year Low – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPL)’s share price hit a new 52-week low on Monday . The stock traded as low as $2.60 and last traded at $2.64, with a volume of 43634 shares trading hands. The stock had previously closed at $2.73.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th.

LG Display Stock Performance

The stock has a market capitalization of $2.73 billion, a P/E ratio of -1.13 and a beta of 1.28. The firm has a 50-day moving average of $3.23 and a 200 day moving average of $3.41. The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 1.00.

LG Display (NYSE:LPL) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.67). LG Display had a negative return on equity of 29.08% and a negative net margin of 9.42%. Research analysts anticipate that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Institutional Trading of LG Display

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP acquired a new stake in LG Display during the 4th quarter worth approximately $32,000. Savant Capital LLC acquired a new stake in LG Display during the 4th quarter worth approximately $38,000. Caprock Group LLC increased its holdings in LG Display by 48.7% in the fourth quarter. Caprock Group LLC now owns 17,144 shares of the electronics maker’s stock valued at $53,000 after purchasing an additional 5,618 shares during the period. Millennium Management LLC raised its position in shares of LG Display by 21.2% during the fourth quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker’s stock worth $64,000 after acquiring an additional 3,661 shares during the last quarter. Finally, PDS Planning Inc raised its stake in LG Display by 16.7% during the fourth quarter. PDS Planning Inc now owns 23,782 shares of the electronics maker’s stock worth $73,000 after buying an additional 3,401 shares during the last quarter.

About LG Display

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.