LG Display (NYSE:LPL) Shares Gap Up – Should You Buy?

LG Display Co., Ltd. (NYSE:LPL)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $5.03, but opened at $5.35. LG Display shares last traded at $5.5770, with a volume of 384,186 shares.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LPL. Wall Street Zen cut LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings cut shares of LG Display from a “sell (d)” rating to a “sell (e+)” rating in a report on Thursday, May 21st. Finally, Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Three research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

LG Display Stock Up 11.4%

The stock’s 50 day moving average is $4.45 and its 200 day moving average is $4.34. The company has a market capitalization of $5.61 billion, a PE ratio of -279.75 and a beta of 1.53. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.22 and a current ratio of 0.34.

LG Display (NYSE:LPL) last issued its quarterly earnings data on Friday, May 15th. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.17). LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%.The company had revenue of $3.78 billion for the quarter. On average, sell-side analysts anticipate that LG Display Co., Ltd. will post -0.21 EPS for the current fiscal year.

Institutional Trading of LG Display

Institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning purchased a new stake in shares of LG Display during the 2nd quarter valued at $39,000. Simplicity Wealth LLC purchased a new position in shares of LG Display in the first quarter valued at about $41,000. Ausdal Financial Partners Inc. purchased a new position in shares of LG Display in the fourth quarter valued at about $43,000. Allspring Global Investments Holdings LLC purchased a new position in shares of LG Display during the first quarter valued at approximately $46,000. Finally, XTX Topco Ltd purchased a new position in shares of LG Display during the second quarter valued at approximately $46,000.

LG Display Company Profile

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.