LG Display (NYSE:LPL) Shares Gap Up to $3.81

LG Display Co., Ltd. (NYSE:LPL) shares gapped up before the market opened on Monday . The stock had previously closed at $3.81, but opened at $4.00. LG Display shares last traded at $4.05, with a volume of 77,660 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd.

LG Display Price Performance

The company has a current ratio of 0.73, a quick ratio of 0.49 and a debt-to-equity ratio of 1.18. The stock has a market cap of $4.06 billion, a P/E ratio of -1.66 and a beta of 1.36. The business has a 50-day simple moving average of $3.80 and a 200 day simple moving average of $4.24.

LG Display (NYSE:LPL) last released its earnings results on Thursday, May 16th. The electronics maker reported ($0.81) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.24). The firm had revenue of $4.20 billion for the quarter. LG Display had a negative net margin of 10.46% and a negative return on equity of 24.29%. On average, analysts forecast that LG Display Co., Ltd. will post -0.99 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LPL. QRG Capital Management Inc. acquired a new position in shares of LG Display during the 3rd quarter valued at $140,000. Rhumbline Advisers raised its holdings in shares of LG Display by 2.4% during the third quarter. Rhumbline Advisers now owns 462,558 shares of the electronics maker’s stock valued at $2,257,000 after purchasing an additional 11,005 shares during the period. Schechter Investment Advisors LLC bought a new position in shares of LG Display during the 4th quarter worth about $131,000. Sivia Capital Partners LLC acquired a new stake in shares of LG Display in the 4th quarter valued at about $128,000. Finally, Blue Trust Inc. grew its stake in shares of LG Display by 71.5% in the 4th quarter. Blue Trust Inc. now owns 14,800 shares of the electronics maker’s stock valued at $72,000 after buying an additional 6,168 shares during the period.

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.