StockNews.com Downgrades LG Display (NYSE:LPL) to Hold

LG Display (NYSE:LPL - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Several other research analysts have also commented on LPL. JPMorgan Chase & Co. upgraded shares of LG Display from a "neutral" rating to an "overweight" rating in a report on Wednesday, July 10th. Morgan Stanley raised LG Display from an "equal weight" rating to an "overweight" rating in a research report on Monday, September 16th.

LG Display Trading Up 0.5 %

LG Display stock traded up $0.02 during trading hours on Friday, reaching $3.91. The stock had a trading volume of 151,798 shares, compared to its average volume of 340,060. The stock has a market cap of $3.91 billion, a PE ratio of -1.61 and a beta of 1.37. The company has a fifty day simple moving average of $3.98 and a 200-day simple moving average of $4.01. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.68 and a quick ratio of 0.47. LG Display has a 52 week low of $3.45 and a 52 week high of $5.66.

LG Display (NYSE:LPL - Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.37). LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. The business had revenue of $4.89 billion during the quarter. Analysts forecast that LG Display will post -0.74 EPS for the current fiscal year.

Institutional Trading of LG Display

A number of hedge funds have recently modified their holdings of LPL. GAMMA Investing LLC boosted its holdings 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. Sunbelt Securities Inc. bought a new stake in shares of LG Display during the first quarter valued at approximately $32,000. HB Wealth Management LLC purchased a new position in LG Display in the 1st quarter worth approximately $46,000. Drive Wealth Management LLC bought a new position in LG Display in the 2nd quarter valued at approximately $50,000. Finally, Caprock Group LLC bought a new position in LG Display in the 2nd quarter valued at approximately $50,000.

About LG Display

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.