LG Display (NYSE:LPL) Shares Gap Up - What's Next?

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $3.37, but opened at $3.49. LG Display shares last traded at $3.46, with a volume of 30,878 shares trading hands.

Analyst Ratings Changes

Several brokerages have issued reports on LPL. Citigroup cut LG Display from a "buy" rating to a "sell" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. downgraded shares of LG Display from an "overweight" rating to a "neutral" rating in a research report on Wednesday, October 23rd. StockNews.com cut LG Display from a "buy" rating to a "hold" rating in a report on Monday, October 21st. Finally, Morgan Stanley raised LG Display from an "equal weight" rating to an "overweight" rating in a report on Monday, September 16th.

LG Display Stock Up 1.5 %

The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $3.42 billion, a PE ratio of -1.95 and a beta of 1.38. The company's 50 day moving average is $3.81 and its two-hundred day moving average is $3.94.

LG Display (NYSE:LPL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.37). The firm had revenue of $4.89 billion for the quarter. LG Display had a negative net margin of 8.18% and a negative return on equity of 21.29%.

Institutional Trading of LG Display

A number of large investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in LG Display by 45.9% in the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker's stock worth $31,000 after acquiring an additional 2,363 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of LG Display by 20.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 16,411 shares of the electronics maker's stock valued at $67,000 after purchasing an additional 2,819 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in LG Display by 3.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 86,826 shares of the electronics maker's stock valued at $351,000 after buying an additional 3,172 shares during the period. Alera Investment Advisors LLC lifted its position in LG Display by 32.2% in the first quarter. Alera Investment Advisors LLC now owns 14,431 shares of the electronics maker's stock worth $59,000 after buying an additional 3,517 shares during the last quarter. Finally, Inspire Advisors LLC boosted its stake in LG Display by 11.6% during the second quarter. Inspire Advisors LLC now owns 36,903 shares of the electronics maker's stock worth $152,000 after buying an additional 3,825 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.