LG Display (NYSE:LPL) Sets New 52-Week Low – Time to Sell?

Shares of LG Display Co., Ltd. (NYSE:LPL) reached a new 52-week low during trading on Thursday. The stock traded as low as $2.52 and last traded at $2.5050, with a volume of 578,630 shares changing hands. The stock had previously closed at $2.65.

Analysts Set New Price Targets

A number of equities analysts recently commented on LPL shares. Zacks Research upgraded shares of LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, September 21st. Weiss Ratings upgraded shares of LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, LG Display presently has a consensus rating of “Reduce”.

LG Display Price Performance

The company has a market cap of $2.54 billion, a PE ratio of -2.79 and a beta of 1.77. The business has a 50 day moving average of $2.91 and a 200 day moving average of $3.83. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.63 and a quick ratio of 0.37.

LG Display (NYSE:LPL) last announced its quarterly earnings results on Friday, October 30th. The electronics maker reported $0.55 earnings per share (EPS) for the quarter. LG Display had a negative net margin of 5.26% and a negative return on equity of 19.82%. The company had revenue of $4.62 billion for the quarter. As a group, research analysts predict that LG Display Co., Ltd. will post -0.14 EPS for the current year.

Institutional Investors Weigh In On LG Display

Several hedge funds have recently made changes to their positions in LPL. Corient Private Wealth LP boosted its holdings in shares of LG Display by 23.9% during the 2nd quarter. Corient Private Wealth LP now owns 592,123 shares of the electronics maker’s stock valued at $2,303,000 after buying an additional 114,381 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in LG Display by 112.6% during the second quarter. Sequoia Financial Advisors LLC now owns 504,582 shares of the electronics maker’s stock worth $1,963,000 after acquiring an additional 267,189 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in LG Display by 37.3% in the first quarter. PNC Financial Services Group Inc. now owns 320,244 shares of the electronics maker’s stock worth $1,243,000 after purchasing an additional 87,055 shares during the period. First Trust Advisors LP grew its holdings in LG Display by 135.3% in the first quarter. First Trust Advisors LP now owns 229,715 shares of the electronics maker’s stock worth $891,000 after purchasing an additional 132,096 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in LG Display in the second quarter worth about $647,000.

About LG Display

LG Display Co, Ltd. is a South Korean manufacturer of display panels and related display technologies. The company develops and produces OLED and LCD panels used in televisions, monitors, notebook computers, tablets, smartphones, automotive displays and other smart devices.

Its product portfolio includes large OLED panels for premium televisions, OLED and LCD panels for information technology products, automotive display solutions and specialized displays for commercial and industrial applications.