LG Display (NYSE:LPL) Stock Price Down 2.5% – Here’s Why

LG Display Co., Ltd. (NYSE:LPL) shares dropped 2.5% during trading on Wednesday . The stock traded as low as $3.16 and last traded at $3.17. Approximately 15,374 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 220,508 shares. The stock had previously closed at $3.25.

Analysts Set New Price Targets

A number of brokerages recently commented on LPL. StockNews.com lowered LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lowered LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Citigroup cut LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th.

LG Display Stock Performance

The firm has a market cap of $3.14 billion, a P/E ratio of -1.79 and a beta of 1.33. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.03. The company’s 50-day moving average is $3.31 and its two-hundred day moving average is $3.79.

Hedge Funds Weigh In On LG Display

Large investors have recently bought and sold shares of the stock. QRG Capital Management Inc. purchased a new stake in shares of LG Display in the third quarter valued at about $42,000. MQS Management LLC purchased a new stake in LG Display in the 2nd quarter valued at about $61,000. Wealthstream Advisors Inc. bought a new position in shares of LG Display during the 3rd quarter worth approximately $64,000. EverSource Wealth Advisors LLC lifted its position in shares of LG Display by 20.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 16,411 shares of the electronics maker’s stock worth $67,000 after buying an additional 2,819 shares in the last quarter. Finally, Coldstream Capital Management Inc. boosted its stake in shares of LG Display by 34.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker’s stock worth $88,000 after buying an additional 5,588 shares during 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.