LG Display (NYSE:LPL) Reaches New 12-Month Low – Here’s Why

Shares of LG Display Co., Ltd. (NYSE:LPL) reached a new 52-week low during trading on Monday . The stock traded as low as $3.03 and last traded at $3.07, with a volume of 53452 shares traded. The stock had previously closed at $3.15.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of LG Display from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th.

LG Display Stock Performance

The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.43 and a current ratio of 0.64. The stock has a market cap of $3.10 billion, a P/E ratio of -1.28 and a beta of 1.35. The firm has a 50 day moving average of $3.26 and a two-hundred day moving average of $3.44.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.67). LG Display had a negative return on equity of 29.08% and a negative net margin of 9.42%. On average, research analysts predict that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Hedge Funds Weigh In On LG Display

Hedge funds have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of LG Display by 5.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,371,287 shares of the electronics maker’s stock worth $4,210,000 after acquiring an additional 70,081 shares in the last quarter. American Century Companies Inc. lifted its stake in LG Display by 3.2% in the fourth quarter. American Century Companies Inc. now owns 1,315,187 shares of the electronics maker’s stock valued at $4,038,000 after buying an additional 40,375 shares during the period. State Street Corp boosted its stake in LG Display by 1.2% during the 3rd quarter. State Street Corp now owns 628,299 shares of the electronics maker’s stock worth $2,545,000 after acquiring an additional 7,412 shares during the last quarter. Rhumbline Advisers boosted its position in shares of LG Display by 1.9% during the fourth quarter. Rhumbline Advisers now owns 355,197 shares of the electronics maker’s stock worth $1,090,000 after purchasing an additional 6,484 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in LG Display by 61.6% during the fourth quarter. Blue Trust Inc. now owns 296,355 shares of the electronics maker’s stock worth $910,000 after acquiring an additional 112,964 shares in the last quarter.

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.