LG Display Co., Ltd. (NYSE:LPL) Brief update on interest

LG Display Co., Ltd. (NYSE:LPL – Get Rating) saw a significant drop in short-term interest in August. As of August 31, there was selling interest totaling 1,550,000 shares, down 17.1% from the August 15 total of 1,870,000 shares. Based on an average daily volume of 356,800 shares, the day-to-cover ratio is currently 4.3 days.

A Wall Street analyst gives his opinion

Separately, TheStreet downgraded shares of LG Display from a “c-” rating to a “d+” rating in a Wednesday, September 7 research report. Four research analysts rated the stock with a sell rating, one gave the stock a hold rating and one gave the stock a buy rating. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

LG display stock performance

NYSE: LPL traded at $0.01 during Friday’s midday session, hitting $5.24. 449,307 shares of the company were traded, against an average volume of 306,138. LG Display has a one-year low of $5.12 and a one-year high of $10.78. The company has a market capitalization of $3.75 billion, a PE ratio of 16.90 and a beta of 1.29. The company’s fifty-day simple moving average is $5.83 and its two-hundred-day simple moving average is $6.58. The company has a debt ratio of 0.55, a quick ratio of 0.49 and a current ratio of 0.80.

Hedge funds weigh on the LG screen

Hedge funds have recently been buying and selling shares of the company. Glassman Wealth Services increased its stake in LG Display by 111.1% in Q4. Glassman Wealth Services now owns 3,291 shares of the electronics maker valued at $33,000 after purchasing an additional 1,732 shares during the period. Alera Investment Advisors LLC acquired a new stake in LG Display stock in Q1 worth approximately $85,000. CAPROCK Group Inc. acquired a new stake in shares of LG Display in Q1 worth approximately $123,000. The Bank of Nova Scotia acquired a new stake in LG Display stock in Q1 worth approximately $137,000. Finally, Vident Investment Advisory LLC acquired a new equity stake in LG Display in Q1 worth approximately $157,000. 2.39% of the shares are held by institutional investors.

LG Display Company Profile

(Get a rating)

LG Display Co, Ltd. is engaged in the design, manufacture and sale of thin-film transistor liquid crystal displays (TFT-LCD) and display panels based on organic light-emitting diode (OLED) technology. Its display panels based on TFT-LCD and OLED technology are mainly used in televisions, laptops, desktop monitors, tablets, mobile devices and automotive displays.

Read more

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider LG Display, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and LG Display wasn’t on the list.

While LG Display currently has a “reduced” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

About Anne Wurtsbach

Check Also

How to hedge against inflation now and later

Inflation doesn’t magically go away, but there are ways to protect yourself, now and later, …