LG Display (NYSE:LPL) Hits New 52-Week Low – What’s Next?

LG Display Co., Ltd. (NYSE:LPL) shares hit a new 52-week low during trading on Monday . The company traded as low as $3.03 and last traded at $3.07, with a volume of 53452 shares trading hands. The stock had previously closed at $3.15.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of LG Display from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

LG Display Stock Performance

The stock has a market cap of $3.10 billion, a P/E ratio of -1.28 and a beta of 1.35. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.64 and a quick ratio of 0.43. The company has a fifty day moving average of $3.26 and a 200 day moving average of $3.44.

LG Display (NYSE:LPL) last posted its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.67). LG Display had a negative return on equity of 29.08% and a negative net margin of 9.42%. On average, equities analysts predict that LG Display Co., Ltd. will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LG Display

Several large investors have recently made changes to their positions in LPL. Public Employees Retirement System of Ohio raised its position in shares of LG Display by 8.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 213,136 shares of the electronics maker’s stock worth $654,000 after purchasing an additional 16,277 shares during the period. Two Sigma Advisers LP acquired a new stake in LG Display during the 4th quarter worth about $32,000. Millennium Management LLC lifted its stake in LG Display by 21.2% during the fourth quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker’s stock valued at $64,000 after buying an additional 3,661 shares in the last quarter. Laird Norton Wetherby Trust Company LLC acquired a new position in shares of LG Display in the fourth quarter worth about $129,000. Finally, Ethic Inc. increased its position in shares of LG Display by 8.4% in the fourth quarter. Ethic Inc. now owns 87,365 shares of the electronics maker’s stock worth $268,000 after acquiring an additional 6,802 shares in the last quarter.

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.