LG Display (NYSE:LPL) Downgraded to “Hold” Rating by StockNews.com

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

A number of other research firms have also recently commented on LPL. Citigroup cut LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lowered LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th.

LG Display Price Performance

LG Display stock opened at $3.34 on Wednesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.43 and a current ratio of 0.65. LG Display has a 52 week low of $3.28 and a 52 week high of $5.66. The stock has a market capitalization of $3.34 billion, a P/E ratio of -1.91 and a beta of 1.33. The stock has a fifty day moving average of $3.70 and a 200-day moving average of $3.89.

Institutional Investors Weigh In On LG Display

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in LG Display by 27.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,301,206 shares of the electronics maker’s stock worth $5,270,000 after acquiring an additional 283,441 shares during the last quarter. American Century Companies Inc. grew its position in shares of LG Display by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 1,170,801 shares of the electronics maker’s stock valued at $4,824,000 after buying an additional 63,080 shares during the last quarter. State Street Corp grew its position in shares of LG Display by 1.2% in the 3rd quarter. State Street Corp now owns 628,299 shares of the electronics maker’s stock valued at $2,545,000 after buying an additional 7,412 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of LG Display in the 3rd quarter valued at about $797,000. Finally, Blue Trust Inc. grew its position in shares of LG Display by 546.6% in the 3rd quarter. Blue Trust Inc. now owns 183,391 shares of the electronics maker’s stock valued at $756,000 after buying an additional 155,030 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.