LG Display Co., Ltd. (NYSE:LPL – Get Free Report) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $3.38 and last traded at $3.52, with a volume of 222722 shares traded. The stock had previously closed at $3.60.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on LPL shares. JPMorgan Chase & Co. cut shares of LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd. StockNews.com lowered shares of LG Display from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Citigroup cut LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th. Finally, Morgan Stanley raised LG Display from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th.
Get Our Latest Stock Analysis on LPL
LG Display Trading Down 2.2 %
LG Display (NYSE:LPL – Get Free Report) last posted its earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). The company had revenue of $4.89 billion for the quarter. LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. Research analysts forecast that LG Display Co., Ltd. will post -0.5 earnings per share for the current year.
Institutional Investors Weigh In On LG Display
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in shares of LG Display by 45.9% during the 2nd quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after buying an additional 2,363 shares during the last quarter. QRG Capital Management Inc. acquired a new position in LG Display in the third quarter valued at approximately $42,000. Caprock Group LLC purchased a new stake in LG Display in the 2nd quarter worth approximately $50,000. Drive Wealth Management LLC acquired a new stake in shares of LG Display during the 2nd quarter worth approximately $50,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of LG Display by 101.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 13,592 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 6,836 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.
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