LG Display (NYSE:LPL) Stock Price Down 4.7% - Should You Sell?

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) traded down 4.7% on Thursday . The company traded as low as $3.26 and last traded at $3.26. 32,292 shares changed hands during trading, a decline of 90% from the average session volume of 307,816 shares. The stock had previously closed at $3.42.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LPL shares. JPMorgan Chase & Co. cut LG Display from an "overweight" rating to a "neutral" rating in a research note on Wednesday, October 23rd. Morgan Stanley raised shares of LG Display from an "equal weight" rating to an "overweight" rating in a research report on Monday, September 16th. StockNews.com raised LG Display from a "hold" rating to a "buy" rating in a report on Thursday, December 19th. Finally, Citigroup downgraded shares of LG Display from a "buy" rating to a "sell" rating in a research report on Thursday, October 24th.

LG Display Stock Performance

The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.43 and a current ratio of 0.65. The company has a market capitalization of $3.24 billion, a P/E ratio of -1.85 and a beta of 1.33. The business's fifty day simple moving average is $3.47 and its 200-day simple moving average is $3.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LPL. Drive Wealth Management LLC purchased a new position in shares of LG Display in the 2nd quarter worth approximately $50,000. Natixis Advisors LLC purchased a new stake in LG Display in the second quarter valued at about $224,000. Caprock Group LLC acquired a new stake in LG Display in the second quarter worth about $50,000. American Century Companies Inc. grew its stake 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. Finally, Inspire Advisors LLC boosted its stake in LG Display by 11.6% in the 2nd quarter. Inspire Advisors LLC now owns 36,903 shares of the electronics maker's stock worth $152,000 after purchasing an additional 3,825 shares in the last quarter.

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.