LG Display (NYSE:LPL) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

LG Display Co., Ltd. (NYSE:LPL) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.40 and traded as high as $4.72. LG Display shares last traded at $4.5550, with a volume of 2,160,961 shares.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen downgraded LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings raised shares of LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 4th. Finally, Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

LG Display Price Performance

The company has a 50 day moving average of $4.74 and a 200 day moving average of $4.41. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.22 and a current ratio of 0.34. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of -230.90 and a beta of 1.61.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LPL. Ausdal Financial Partners Inc. purchased a new stake in shares of LG Display during the 4th quarter worth $43,000. Simplicity Wealth LLC acquired a new position in shares of LG Display during the 1st quarter worth about $41,000. Creative Planning purchased a new position in shares of LG Display in the 2nd quarter valued at about $39,000. Allspring Global Investments Holdings LLC purchased a new position in shares of LG Display in the 1st quarter valued at about $46,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of LG Display during the 3rd quarter worth about $63,000.

About LG Display

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.