LG Display (NYSE:LPL) Trading Down 2.5% – Here’s What Happened

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. lowered LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Citigroup lowered shares of LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th. Finally, StockNews.com downgraded shares of LG Display from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

LG Display Trading Down 0.2 %

The stock has a fifty day simple moving average of $3.29 and a 200 day simple moving average of $3.78. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.03.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. bought a new position in LG Display in the 3rd quarter worth approximately $42,000. MQS Management LLC bought a new position in LG Display in the 2nd quarter worth approximately $61,000. Wealthstream Advisors Inc. bought a new position in LG Display in the 3rd quarter worth approximately $64,000. EverSource Wealth Advisors LLC boosted 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 worth $67,000 after purchasing an additional 2,819 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in 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 purchasing an additional 5,588 shares during the period.

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.