LG Display (NYSE:LPL) Shares Gap Down – Time to Sell?

LG Display Co., Ltd. (NYSE:LPL)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $3.31, but opened at $3.24. LG Display shares last traded at $3.20, with a volume of 44,668 shares traded.

Analyst Upgrades and Downgrades

LPL has been the topic of a number of research analyst reports. Morgan Stanley upgraded shares of LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. StockNews.com downgraded LG Display from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. cut LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Citigroup cut shares of LG Display from a “buy” rating to a “sell” rating in a research report on Thursday, October 24th.

LG Display Trading Down 3.6 %

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 firm’s 50-day moving average price is $3.69 and its two-hundred day moving average price is $3.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its stake in LG Display by 101.2% in the first quarter. EverSource Wealth Advisors LLC now owns 13,592 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 6,836 shares during the last quarter. GAMMA Investing LLC boosted 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 worth $31,000 after acquiring an additional 2,363 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of LG Display by 268.3% during the 2nd quarter. Blue Trust Inc. now owns 28,361 shares of the electronics maker’s stock valued at $116,000 after acquiring an additional 20,660 shares during the last quarter. Drive Wealth Management LLC acquired a new stake in LG Display in the 2nd quarter worth approximately $50,000. Finally, Natixis Advisors LLC bought a new stake in LG Display during the second quarter worth approximately $224,000.

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.