LG Display (NYSE:LPL) Stock Passes Above 200 Day Moving Average – Here’s Why

LG Display Co., Ltd. (NYSE:LPL) shares passed 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 changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LPL. Wall Street Zen downgraded LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research raised LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings upgraded LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 4th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, LG Display has a consensus rating of “Reduce”.

LG Display Trading Down 2.3%

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 business’s 50-day moving average is $4.73 and its 200 day moving average is $4.40. The firm has a market capitalization of $4.56 billion, a P/E ratio of -227.75 and a beta of 1.61.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Friday, May 15th. The electronics maker reported ($0.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $3.78 billion during the quarter. As a group, analysts anticipate that LG Display Co., Ltd. will post -0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

A number of large investors have recently added to or reduced their stakes in LPL. Jane Street Group LLC increased its stake in LG Display by 52.9% during the 1st quarter. Jane Street Group LLC now owns 58,648 shares of the electronics maker’s stock worth $182,000 after acquiring an additional 20,285 shares during the period. Creative Planning acquired a new position in LG Display in the 2nd quarter valued at $39,000. Rhumbline Advisers lifted its position in shares of LG Display by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 375,539 shares of the electronics maker’s stock valued at $1,284,000 after acquiring an additional 12,198 shares during the period. XTX Topco Ltd acquired a new stake in shares of LG Display during the 2nd quarter worth $46,000. Finally, CW Advisors LLC acquired a new position in LG Display in the second quarter valued at about $56,000.

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.