LG Display Co., Ltd. (NYSE:LPL - Get Free Report) dropped 2.2% during mid-day trading on Tuesday . The stock traded as low as $2.67 and last traded at $2.66. Approximately 16,900 shares changed hands during trading, a decline of 93% from the average daily volume of 238,771 shares. The stock had previously closed at $2.72.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of LG Display from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th.
Get Our Latest Stock Analysis on LPL
LG Display Stock Performance
The company has a quick ratio of 0.43, a current ratio of 0.64 and a debt-to-equity ratio of 1.00. The business has a 50 day moving average price of $3.16 and a 200 day moving average price of $3.36. The stock has a market cap of $2.80 billion, a P/E ratio of -1.16 and a beta of 1.28.
LG Display (NYSE:LPL - Get Free Report) last announced 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, sell-side analysts expect that LG Display Co., Ltd. will post 0.59 EPS for the current year.
Institutional Investors Weigh In On LG Display
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PDS Planning Inc grew its position in shares of LG Display by 16.7% during the 4th 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 in the last quarter. Millennium Management LLC raised its holdings in shares of LG Display by 21.2% in the fourth quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker's stock valued at $64,000 after acquiring an additional 3,661 shares in the last quarter. Coldstream Capital Management Inc. lifted its stake in LG Display by 34.5% in the third quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker's stock worth $88,000 after acquiring an additional 5,588 shares during the period. Caprock Group LLC grew its holdings in LG Display by 48.7% during the 4th quarter. Caprock Group LLC now owns 17,144 shares of the electronics maker's stock worth $53,000 after acquiring an additional 5,618 shares in the last quarter. Finally, Rhumbline Advisers increased its position in LG Display by 1.9% during the 4th quarter. Rhumbline Advisers now owns 355,197 shares of the electronics maker's stock valued at $1,090,000 after purchasing an additional 6,484 shares during the period.
LG Display Company Profile
(
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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.
Further Reading
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