Posted by admin on Aug 21st, 2022
Shares of LG Display Co., Ltd. (NYSE:LPL – Get Rating) gapped up before the market opened on Friday . The stock had previously closed at $6.13, but opened at $6.30. LG Display shares last traded at $6.23, with a volume of 3,200 shares traded.
Several research analysts recently commented on LPL shares. Morgan Stanley downgraded LG Display from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, April 27th. StockNews.com cut LG Display from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Finally, JPMorgan Chase & Co. cut LG Display from a “neutral” rating to an “underweight” rating in a report on Thursday, April 28th. Four research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.
The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.61 and a current ratio of 0.80. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 20.10 and a beta of 1.31. The business has a 50-day simple moving average of $5.97 and a 200-day simple moving average of $6.92.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Yousif Capital Management LLC purchased a new position in LG Display during the 4th quarter worth approximately $112,000. Mercer Global Advisors Inc. ADV acquired a new position in LG Display in the fourth quarter valued at $253,000. Envestnet Asset Management Inc. acquired a new position in LG Display in the fourth quarter valued at $585,000. American Century Companies Inc. increased its stake in LG Display by 35.6% in the fourth quarter. American Century Companies Inc. now owns 165,916 shares of the electronics maker’s stock valued at $1,676,000 after purchasing an additional 43,583 shares during the last quarter. Finally, Northern Trust Corp increased its stake in LG Display by 29.0% in the fourth quarter. Northern Trust Corp now owns 70,396 shares of the electronics maker’s stock valued at $712,000 after purchasing an additional 15,820 shares during the last quarter. Institutional investors and hedge funds own 2.46% of the company’s stock.
LG Display Co, Ltd. engages in the design, 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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