LG Display (NYSE:LPL) Hits New 12-Month Low – Here’s Why

Shares of LG Display Co., Ltd. (NYSE:LPL) hit a new 52-week low on Monday . The stock traded as low as $3.03 and last traded at $3.07, with a volume of 53452 shares. The stock had previously closed at $3.15.

Wall Street Analyst Weigh In

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

LG Display Price Performance

The firm’s 50 day moving average is $3.26 and its 200 day moving average is $3.45. The firm has a market cap of $3.07 billion, a P/E ratio of -1.27 and a beta of 1.35. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.64 and a quick ratio of 0.43.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported ($0.60) earnings per share for the quarter, missing the consensus estimate 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%. As a group, analysts anticipate that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

Institutional Trading of LG Display

Several institutional investors have recently added to or reduced their stakes in the business. Two Sigma Advisers LP purchased a new position in shares of LG Display in the fourth quarter worth $32,000. Savant Capital LLC bought a new stake in LG Display during the fourth quarter valued at approximately $38,000. Caprock Group LLC increased its stake in shares of LG Display by 48.7% in the 4th quarter. Caprock Group LLC now owns 17,144 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 5,618 shares in the last quarter. Millennium Management LLC lifted its position in LG Display by 21.2% during the fourth quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker’s stock valued at $64,000 after purchasing an additional 3,661 shares in the last quarter. Finally, PDS Planning Inc grew its holdings in LG Display by 16.7% during the fourth quarter. PDS Planning Inc now owns 23,782 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 3,401 shares during the period.

LG Display Company Profile

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.