LG Display (NYSE:LPL) Trading Down 4.7% – What’s Next?

Shares of LG Display Co., Ltd. (NYSE:LPL) traded down 4.7% during mid-day trading on Thursday . The stock traded as low as $3.26 and last traded at $3.26. 32,292 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 307,816 shares. The stock had previously closed at $3.42.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LPL. Citigroup downgraded shares of LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th. Morgan Stanley raised shares of LG Display from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th. StockNews.com upgraded LG Display from a “hold” rating to a “buy” rating in a report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lowered LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd.

LG Display Trading Down 4.4 %

The company has a market cap of $3.27 billion, a price-to-earnings ratio of -1.87 and a beta of 1.33. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.03. The business’s 50 day moving average price is $3.47 and its 200-day moving average price is $3.85.

Institutional Investors Weigh In On LG Display

Hedge funds and other institutional investors have recently modified their holdings of the company. Drive Wealth Management LLC acquired a new position in shares of LG Display during the 2nd quarter worth $50,000. Natixis Advisors LLC acquired a new position in LG Display in the 2nd quarter valued at approximately $224,000. Caprock Group LLC acquired a new position in shares of LG Display during the second quarter worth $50,000. American Century Companies Inc. grew its stake in shares of LG Display by 5.7% in the second quarter. American Century Companies Inc. now owns 1,170,801 shares of the electronics maker’s stock worth $4,824,000 after purchasing an additional 63,080 shares during the last quarter. Finally, Inspire Advisors LLC boosted its stake in LG Display by 11.6% during the second quarter. Inspire Advisors LLC now owns 36,903 shares of the electronics maker’s stock worth $152,000 after acquiring an additional 3,825 shares in the last quarter.

About LG Display

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.