LG Display (NYSE:LPL) Hits New 52-Week Low – Should You Sell?

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

Wall Street Analyst Weigh In

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

LG Display Stock Down 2.7 %

The business’s 50 day simple moving average is $3.26 and its 200 day simple moving average is $3.45. The company has a current ratio of 0.64, a quick ratio of 0.43 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $3.07 billion, a PE ratio of -1.27 and a beta of 1.35.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its stake in shares of LG Display by 8.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 213,136 shares of the electronics maker’s stock valued at $654,000 after acquiring an additional 16,277 shares during the period. Two Sigma Advisers LP bought a new position in LG Display during the 4th quarter valued at about $32,000. Millennium Management LLC raised its position in LG Display by 21.2% in the 4th quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker’s stock worth $64,000 after purchasing an additional 3,661 shares during the period. Laird Norton Wetherby Trust Company LLC bought a new position in shares of LG Display during the fourth quarter valued at approximately $129,000. Finally, Ethic Inc. raised its holdings 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 buying an additional 6,802 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.