LG Display (NYSE:LPL) Shares Gap Down to $3.85

LG Display Co., Ltd. (NYSE:LPL) gapped down before the market opened on Friday . The stock had previously closed at $3.85, but opened at $3.77. LG Display shares last traded at $3.81, with a volume of 7,853 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of LG Display from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.

LG Display Price Performance

The company has a debt-to-equity ratio of 1.30, a current ratio of 0.68 and a quick ratio of 0.50. The stock’s fifty day moving average is $4.15 and its 200-day moving average is $4.56. The stock has a market cap of $3.84 billion, a PE ratio of -1.29 and a beta of 1.43.

LG Display (NYSE:LPL) last announced its earnings results on Friday, March 8th. The electronics maker reported $0.06 earnings per share for the quarter. LG Display had a negative net margin of 12.93% and a negative return on equity of 27.97%. The company had revenue of $5.61 billion during the quarter. As a group, equities analysts anticipate that LG Display Co., Ltd. will post -0.9 EPS for the current year.

Institutional Trading of LG Display

Several hedge funds have recently added to or reduced their stakes in LPL. Sunbelt Securities Inc. acquired a new position in shares of LG Display in the 1st quarter valued at $32,000. EverSource Wealth Advisors LLC grew its position in LG Display by 307.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,756 shares of the electronics maker’s stock valued at $33,000 after buying an additional 5,098 shares during the last quarter. Ronald Blue Trust Inc. grew its position in LG Display by 39.6% in the 3rd quarter. Ronald Blue Trust Inc. now owns 8,632 shares of the electronics maker’s stock valued at $42,000 after buying an additional 2,450 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in LG Display in the 4th quarter valued at $43,000. Finally, Xponance Inc. purchased a new position in LG Display in the 3rd quarter valued at $50,000.

About LG Display

LG Display Co, Ltd., together with its subsidiaries, engages in the design, 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.