LG Display (NYSE:LPL) Upgraded by StockNews.com to “Buy” Rating

LG Display (NYSE:LPL) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

LPL has been the subject of several other reports. Morgan Stanley raised shares of LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. Citigroup downgraded shares of LG Display from a “buy” rating to a “sell” rating in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. downgraded LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd.

LG Display Stock Performance

NYSE:LPL remained flat at $3.49 during mid-day trading on Tuesday. The company had a trading volume of 127,515 shares, compared to its average volume of 316,457. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. The company has a market cap of $3.49 billion, a P/E ratio of -1.99 and a beta of 1.38. The stock has a fifty day moving average of $3.77 and a two-hundred day moving average of $3.92. LG Display has a 12 month low of $3.33 and a 12 month high of $5.66.

Hedge Funds Weigh In On LG Display

Institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its stake in shares of LG Display by 45.9% during the 2nd 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 during the period. QRG Capital Management Inc. acquired a new stake in shares of LG Display in the third quarter valued at about $42,000. Caprock Group LLC purchased a new stake in shares of LG Display during the second quarter worth about $50,000. Drive Wealth Management LLC acquired a new position in shares of LG Display during the 2nd quarter worth about $50,000. Finally, EverSource Wealth Advisors LLC lifted its stake in LG Display by 101.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 13,592 shares of the electronics maker’s stock valued at $55,000 after buying 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.