LG Display (NYSE:LPL) Stock Price Down 2.2% – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPL) was down 2.2% on Tuesday . The stock traded as low as $2.67 and last traded at $2.66. Approximately 16,900 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 238,771 shares. The stock had previously closed at $2.72.

Analysts Set New Price Targets

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

LG Display Stock Performance

The stock’s 50 day moving average price is $3.18 and its 200 day moving average price is $3.37. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 1.00. The firm has a market cap of $2.66 billion, a PE ratio of -1.10 and a beta of 1.28.

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

Hedge Funds Weigh In On LG Display

Several hedge funds and other institutional investors have recently bought and sold shares of LPL. Fragasso Financial Advisors Inc purchased a new position in LG Display in the 1st quarter valued at about $32,000. Rhumbline Advisers boosted its holdings in LG Display by 2.3% in the first quarter. Rhumbline Advisers now owns 363,341 shares of the electronics maker’s stock valued at $1,130,000 after purchasing an additional 8,144 shares during the last quarter. GAMMA Investing LLC grew its stake in LG Display by 1,380.7% during the 1st quarter. GAMMA Investing LLC now owns 68,423 shares of the electronics maker’s stock valued at $213,000 after purchasing an additional 63,802 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in LG Display by 8.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 213,136 shares of the electronics maker’s stock worth $654,000 after purchasing an additional 16,277 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new position in shares of LG Display in the 4th quarter valued at approximately $32,000.

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.