LG Display (NYSE:LPL) Stock Price Down 4.7% – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPL) shares traded down 4.7% during trading on Thursday . The company traded as low as $3.26 and last traded at $3.26. 32,292 shares were traded during trading, a decline of 90% from the average session volume of 307,816 shares. The stock had previously closed at $3.42.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LPL. StockNews.com raised LG Display from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Citigroup downgraded LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th. Morgan Stanley raised shares of LG Display from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. Finally, JPMorgan Chase & Co. cut shares of LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd.

LG Display Trading Down 1.9 %

The company has a 50 day simple moving average of $3.46 and a 200 day simple moving average of $3.84. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $3.18 billion, a PE ratio of -1.82 and a beta of 1.33.

Hedge Funds Weigh In On LG Display

A number of hedge funds and other institutional investors have recently bought and sold shares of LPL. QRG Capital Management Inc. purchased a new position in LG Display during the 3rd quarter worth $42,000. Caprock Group LLC purchased a new position in LG Display during the second quarter worth about $50,000. Drive Wealth Management LLC purchased a new position in LG Display during the second quarter worth about $50,000. MQS Management LLC acquired a new stake in LG Display in the second quarter valued at about $61,000. Finally, Wealthstream Advisors Inc. purchased a new stake in LG Display in the 3rd quarter valued at approximately $64,000.

LG Display Company Profile

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.