LG Display (NYSE:LPL) Shares Down 2.5% - What's Next?

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares dropped 2.5% on Wednesday . The stock traded as low as $3.16 and last traded at $3.17. Approximately 15,374 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 220,508 shares. The stock had previously closed at $3.25.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LPL. Citigroup downgraded shares of LG Display from a "buy" rating to a "sell" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. cut shares of LG Display from an "overweight" rating to a "neutral" rating in a research note on Wednesday, October 23rd. Finally, StockNews.com lowered LG Display from a "buy" rating to a "hold" rating in a research report on Tuesday, January 7th.

LG Display Price Performance

The stock has a fifty day moving average of $3.30 and a 200-day moving average of $3.79. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $3.18 billion, a P/E ratio of -1.82 and a beta of 1.33.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. American Century Companies Inc. raised its position in shares of LG Display by 5.7% during the second quarter. American Century Companies Inc. now owns 1,170,801 shares of the electronics maker's stock worth $4,824,000 after acquiring an additional 63,080 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in LG Display in the second quarter worth about $468,000. 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 worth $351,000 after purchasing an additional 3,172 shares during the last quarter. XTX Topco Ltd lifted its position in LG Display by 130.6% during the 2nd quarter. XTX Topco Ltd now owns 28,199 shares of the electronics maker's stock valued at $116,000 after purchasing an additional 15,968 shares during the period. Finally, MQS Management LLC bought a new position in shares of LG Display in the 2nd quarter valued at about $61,000.

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.