LG Display (NYSE:LPL) Shares Gap Down – Time to Sell?

LG Display Co., Ltd. (NYSE:LPL)’s share price gapped down before the market opened on Friday . The stock had previously closed at $3.47, but opened at $3.37. LG Display shares last traded at $3.36, with a volume of 29,861 shares trading hands.

Analysts Set New Price Targets

Several research firms recently commented on LPL. JPMorgan Chase & Co. downgraded LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Morgan Stanley raised LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. Citigroup lowered LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th. Finally, StockNews.com upgraded LG Display from a “hold” rating to a “buy” rating in a research note on Tuesday.

LG Display Price Performance

The business’s 50-day moving average price is $3.74 and its 200 day moving average price is $3.91. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.65 and a quick ratio of 0.43.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of LG Display by 45.9% in the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock worth $31,000 after buying an additional 2,363 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of LG Display during the 3rd quarter valued at about $42,000. Drive Wealth Management LLC purchased a new position in shares of LG Display during the second quarter worth about $50,000. Caprock Group LLC bought a new position in shares of LG Display in the second quarter worth approximately $50,000. Finally, EverSource Wealth Advisors LLC raised its stake in LG Display by 101.2% in the first quarter. EverSource Wealth Advisors LLC now owns 13,592 shares of the electronics maker’s stock valued at $55,000 after purchasing an additional 6,836 shares in 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.