LG Display (NYSE:LPL) Sets New 1-Year Low – Time to Sell?

LG Display Co., Ltd. (NYSE:LPL)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $3.10 and last traded at $3.11, with a volume of 256318 shares. The stock had previously closed at $3.18.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Citigroup cut shares of LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th. Morgan Stanley raised shares of LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. JPMorgan Chase & Co. downgraded LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com raised LG Display from a “hold” rating to a “buy” rating in a report on Thursday, December 19th.

LG Display Price Performance

The stock has a market cap of $3.11 billion, a price-to-earnings ratio of -1.78 and a beta of 1.33. 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 stock’s 50 day simple moving average is $3.44 and its two-hundred day simple moving average is $3.84.

Hedge Funds Weigh In On LG Display

Several hedge funds and other institutional investors have recently modified their holdings of LPL. Connor Clark & Lunn Investment Management Ltd. increased its holdings in LG Display by 27.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,301,206 shares of the electronics maker’s stock valued at $5,270,000 after purchasing an additional 283,441 shares in the last quarter. American Century Companies Inc. grew 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 last quarter. State Street Corp increased its stake in shares of LG Display by 1.2% in the third quarter. State Street Corp now owns 628,299 shares of the electronics maker’s stock valued at $2,545,000 after buying an additional 7,412 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of LG Display in the third quarter valued at about $797,000. Finally, Blue Trust Inc. lifted its position in LG Display by 546.6% during the 3rd quarter. Blue Trust Inc. now owns 183,391 shares of the electronics maker’s stock worth $756,000 after buying an additional 155,030 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.