LG Display Co., Ltd. (NYSE:LPL – Get Rating) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 1,450,000 shares, a decline of 6.5% from the August 31st total of 1,550,000 shares. Based on an average daily volume of 336,500 shares, the days-to-cover ratio is currently 4.3 days.
LG Display Stock Performance
NYSE LPL opened at $4.08 on Monday. The company has a current ratio of 0.80, a quick ratio of 0.49 and a debt-to-equity ratio of 0.55. The firm's fifty day moving average price is $5.58 and its two-hundred day moving average price is $6.38. LG Display has a 1 year low of $4.08 and a 1 year high of $10.78. The firm has a market capitalization of $2.92 billion, a P/E ratio of 13.16 and a beta of 1.29.
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LG Display (NYSE:LPL – Get Rating) last posted its quarterly earnings results on Tuesday, August 16th. The electronics maker reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by ($0.01). LG Display had a return on equity of 1.68% and a net margin of 0.86%. The firm had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.30 billion. As a group, research analysts anticipate that LG Display will post -1.22 EPS for the current year.
Analyst Ratings Changes
Separately, TheStreet cut shares of LG Display from a "c-" rating to a "d+" rating in a report on Wednesday, September 7th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold".
Hedge Funds Weigh In On LG Display
Several large investors have recently modified their holdings of LPL. Envestnet Asset Management Inc. grew its stake in shares of LG Display by 7.0% in the second quarter. Envestnet Asset Management Inc. now owns 29,312 shares of the electronics maker's stock valued at $164,000 after acquiring an additional 1,905 shares in the last quarter. Alera Investment Advisors LLC grew its stake in shares of LG Display by 18.7% in the second quarter. Alera Investment Advisors LLC now owns 12,203 shares of the electronics maker's stock valued at $68,000 after acquiring an additional 1,925 shares in the last quarter. CAPROCK Group Inc. grew its stake in shares of LG Display by 19.1% in the second quarter. CAPROCK Group Inc. now owns 17,718 shares of the electronics maker's stock valued at $99,000 after acquiring an additional 2,838 shares in the last quarter. Bank of America Corp DE grew its stake in shares of LG Display by 4.3% in the first quarter. Bank of America Corp DE now owns 72,171 shares of the electronics maker's stock valued at $596,000 after acquiring an additional 2,980 shares in the last quarter. Finally, Balentine LLC grew its stake in shares of LG Display by 13.0% in the first quarter. Balentine LLC now owns 30,070 shares of the electronics maker's stock valued at $248,000 after acquiring an additional 3,454 shares in the last quarter. 2.39% of the stock is owned by institutional investors.
LG Display Company Profile
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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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