LG Display (NYSE:LPL) Stock Rating Lowered by StockNews.com

LG Display (NYSE:LPL) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other research analysts have also weighed in on the company. JPMorgan Chase & Co. lowered LG Display from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. Finally, Citigroup cut LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th.

LG Display Trading Up 0.3 %

Shares of NYSE LPL opened at $3.26 on Tuesday. LG Display has a twelve month low of $3.05 and a twelve month high of $5.66. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of -1.86 and a beta of 1.33. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The company’s fifty day moving average is $3.36 and its 200-day moving average is $3.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. QRG Capital Management Inc. bought a new stake in LG Display in the 3rd quarter valued at approximately $42,000. Caprock Group LLC bought a new stake in shares of LG Display in the second quarter worth $50,000. MQS Management LLC acquired a new position in LG Display during the second quarter worth $61,000. Wealthstream Advisors Inc. bought a new position in LG Display in the third quarter valued at $64,000. Finally, EverSource Wealth Advisors LLC increased its stake in LG Display by 20.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 16,411 shares of the electronics maker’s stock valued at $67,000 after buying an additional 2,819 shares during the last quarter.

LG Display Company Profile

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.