LG Display (NYSE:LPL) Stock Price Down 2.5% – Here’s What Happened

LG Display Co., Ltd. (NYSE:LPL)’s share price dropped 2.5% during mid-day trading on Wednesday . The stock traded as low as $3.16 and last traded at $3.17. 15,374 shares were traded during trading, a decline of 93% from the average daily volume of 220,508 shares. The stock had previously closed at $3.25.

Analyst Upgrades and Downgrades

LPL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. downgraded shares of LG Display from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com downgraded LG Display from a “buy” rating to a “hold” rating in a research note on Tuesday, January 7th. Finally, Citigroup cut shares of LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th.

LG Display Trading Down 3.4 %

The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.43. The firm has a market cap of $3.14 billion, a P/E ratio of -1.79 and a beta of 1.33. The stock has a 50 day moving average of $3.31 and a 200 day moving average of $3.79.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of LG Display by 27.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,301,206 shares of the electronics maker’s stock worth $5,270,000 after acquiring an additional 283,441 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of LG Display during the third quarter valued at about $797,000. Blue Trust Inc. boosted its holdings in LG Display by 546.6% during the 3rd quarter. Blue Trust Inc. now owns 183,391 shares of the electronics maker’s stock valued at $756,000 after acquiring an additional 155,030 shares during the period. Renaissance Technologies LLC bought a new position in shares of LG Display in the second quarter worth approximately $468,000. Finally, American Century Companies Inc. boosted its holdings in shares of LG Display by 5.7% during 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 period.

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.