LG Display (NYSE:LPL) Stock Rating Lowered by Zacks Research

LG Display (NYSE:LPL) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Separately, Weiss Ratings lowered LG Display from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, LG Display has a consensus rating of “Sell”.

LG Display Stock Down 5.8%

Shares of LG Display stock opened at $3.17 on Thursday. The business has a 50-day moving average of $4.27 and a 200-day moving average of $4.30. The company has a debt-to-equity ratio of 1.63, a current ratio of 0.34 and a quick ratio of 0.22. The company has a market capitalization of $3.17 billion, a PE ratio of -158.75 and a beta of 1.65. LG Display has a 1-year low of $3.16 and a 1-year high of $5.83.

LG Display (NYSE:LPL) last announced its earnings results on Wednesday, July 1st. The electronics maker reported ($0.26) earnings per share (EPS) for the quarter. LG Display had a negative return on equity of 0.68% and a negative net margin of 0.18%.The business had revenue of $3.62 billion for the quarter. As a group, equities analysts forecast that LG Display will post -0.28 EPS for the current fiscal year.

Institutional Trading of LG Display

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers raised its stake in LG Display by 18.8% during the first quarter. Cetera Investment Advisers now owns 14,580 shares of the electronics maker’s stock valued at $57,000 after buying an additional 2,308 shares in the last quarter. CWM LLC increased its holdings in shares of LG Display by 14.4% in the 4th quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock valued at $116,000 after acquiring an additional 3,469 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of LG Display by 4.6% in the 2nd quarter. GAMMA Investing LLC now owns 87,102 shares of the electronics maker’s stock valued at $339,000 after acquiring an additional 3,808 shares during the last quarter. Inspire Investing LLC raised its position in shares of LG Display by 30.0% during the 1st quarter. Inspire Investing LLC now owns 20,153 shares of the electronics maker’s stock valued at $78,000 after acquiring an additional 4,654 shares in the last quarter. Finally, Diversified Trust Co. lifted its stake in LG Display by 34.1% during the fourth quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker’s stock worth $78,000 after purchasing an additional 4,723 shares during the last quarter.

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.