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LG Display Co., Ltd (NYSE:LPL – Get Rating ) saw a significant increase in short interest during the month of November. There was a total of 1,160,000 shares shorted as of November 30th, a 10.5% increase from the November 15th total of 1,050,000 shares. Based on an average trading volume of 480,200 shares, the day-to-day ratio is currently 2.4 days.
Changes in expert ratings
A number of research firms recently weighed in on LPL. Morgan Stanley raised LG Display from an “underweight” rating to an “overweight” rating in a research report on Tuesday, October 4th. TheStreet cut LG Display from a “c-” rating to a “d+” rating in a research note on Wednesday, September 7th. Finally, StockNews.com started coverage on LG Display in a report on Wednesday, October 12th. They issued a “hold” rating on the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. LG Display currently has a consensus rating of “Hold” according to MarketBeat.com.
LG display sales fell 1.4%.
LG Display stock traded down $0.07 during mid-day trading on Friday, hitting $5.05. Average volume was 481,904 shares versus 21,129 shares. The stock has a 50-day simple moving average of $5.15 and a two-hundred-day simple moving average of $5.56. The stock has a market cap of $3.61 billion, a PE ratio of -4.79 and a beta of 1.44. LG Display has a 12-month low of $4.08 and a 12-month high of $10.78. The company has a current ratio of 0.79, a quick ratio of 0.49, and a debt-to-equity ratio of 0.71.
LG Display (NYSE:LPL – Get Ratings ) last issued its earnings results on Monday, November 14th. The electronics maker reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.46). LG Display had a negative return on equity of 6.40% and a net margin of 3.35%. The company had revenue of $5.06 billion in the quarter. As a group, sell-side analysts forecast that LG Display will post -1.81 EPS for the current year.
Organizational inflows and outflows
Institutional Investors have recently modified their positions in the stock. BlackRock Inc. increased its holdings in LG Display by 82.7% in the 1st quarter. BlackRock Inc. now owns 779,380 shares of the electronics maker’s stock valued at $6,438,000 after acquiring an additional 352,719 shares during the period. Connor Clark & Lunn Investment Management Ltd lifted its position in shares of LG Display by 126.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 267,565 shares of the electronics maker’s stock valued at $1,092,000 after acquiring an additional 149,248 shares during the period. Cerity Partners LLC acquired a new position in shares of LG Display during the 2nd quarter valued at $392,000. State Street Corp raised its stake in shares of LG Display by 7.2% in the 1st quarter. State Street Corp now owns 621,462 shares of the electronics maker’s stock valued at $5,133,000 after buying an additional 41,759 shares in the last quarter. Finally, Verity Management LLC boosted its holdings in LG Display by 21.6% in the 2nd quarter. Verity Management LLC now owns 209,394 shares of the electronics maker’s stock valued at $1,168,000 after buying an additional 37,136 shares in the last quarter. Institutional investors and hedge funds own 2.39% of the company’s shares.
Introduction to LG Display
(Get Rating)
LG Display Co., Ltd. is engaged in the design, manufacture and sale of display panels based on thin film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology. Its display panels based on TFT-LCD and OLED technology are commonly used in televisions, laptops, desktop monitors, tablet computers, mobile devices, and automotive displays.
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