LG Display (NYSE:LPL) Share Price Passes Above 200-Day Moving Average – Time to Sell?

by · The Cerbat Gem

LG Display Co., Ltd. (NYSE:LPL – Get Free Report)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $4.26 and traded as high as $4.27. LG Display shares last traded at $4.2050, with a volume of 299,804 shares traded.

Analysts Set New Price Targets

LPL has been the subject of a number of research analyst reports. UBS Group upgraded LG Display from a “sell” rating to a “neutral” rating in a research note on Tuesday, September 23rd. Wall Street Zen upgraded LG Display from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Get Our Latest Analysis on LG Display

LG Display Stock Down 0.6%

The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37. The stock has a 50 day simple moving average of $4.66 and a 200-day simple moving average of $4.27. The firm has a market cap of $4.10 billion, a PE ratio of -9.75, a PEG ratio of 0.26 and a beta of 1.54.

LG Display (NYSE:LPL – Get Free Report) last issued its quarterly earnings results on Friday, November 14th. The electronics maker reported ($0.01) earnings per share for the quarter. The company had revenue of $4.95 billion for the quarter. LG Display had a negative net margin of 2.25% and a negative return on equity of 7.60%. Sell-side analysts predict that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Verdence Capital Advisors LLC lifted its stake in shares of LG Display by 14.6% in the third quarter. Verdence Capital Advisors LLC now owns 16,125 shares of the electronics maker’s stock worth $80,000 after buying an additional 2,060 shares in the last quarter. Plan A Wealth LLC raised its holdings in LG Display by 21.4% in the 3rd quarter. Plan A Wealth LLC now owns 13,002 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 2,296 shares during the last quarter. Inspire Investing LLC lifted its position in LG Display by 29.5% in the 2nd quarter. Inspire Investing LLC now owns 18,690 shares of the electronics maker’s stock valued at $64,000 after acquiring an additional 4,259 shares in the last quarter. BSW Wealth Partners lifted its position in LG Display by 32.1% in the 2nd quarter. BSW Wealth Partners now owns 17,697 shares of the electronics maker’s stock valued at $61,000 after acquiring an additional 4,298 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its stake in LG Display by 47.4% during the 2nd quarter. Yousif Capital Management LLC now owns 16,340 shares of the electronics maker’s stock valued at $56,000 after purchasing an additional 5,255 shares during the last quarter.

LG Display Company Profile

(Get Free Report)

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.

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