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

Shares of LG Display Co., Ltd. (NYSE:LPL) hit a new 52-week low during trading on Tuesday . The company traded as low as $3.28 and last traded at $3.28, with a volume of 31945 shares trading hands. The stock had previously closed at $3.40.

Wall Street Analyst Weigh In

A number of analysts have commented on LPL shares. Citigroup lowered shares of LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th. StockNews.com upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. lowered shares of LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley upgraded shares of LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

LG Display Price Performance

The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The company’s 50 day moving average price is $3.71 and its 200-day moving average price is $3.90.

Institutional Trading of LG Display

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of LG Display by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock worth $31,000 after buying an additional 2,363 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of LG Display in the 3rd quarter worth about $42,000. Caprock Group LLC purchased a new position in shares of LG Display in the 2nd quarter worth about $50,000. Drive Wealth Management LLC purchased a new position in shares of LG Display in the 2nd quarter worth about $50,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of LG Display by 101.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 13,592 shares of the electronics maker’s stock worth $55,000 after buying an additional 6,836 shares during 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.