LG Display (NYSE:LPL) Cut to “Hold” at StockNews.com

StockNews.com cut shares of LG Display (NYSE:LPL) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

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

LG Display Trading Up 0.3 %

Shares of LPL stock opened at $3.26 on Tuesday. 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 capitalization of $3.26 billion, a P/E ratio of -1.86 and a beta of 1.33. LG Display has a 12-month low of $3.05 and a 12-month high of $5.66. The firm has a 50-day moving average price of $3.35 and a 200 day moving average price of $3.81.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. QRG Capital Management Inc. acquired a new stake in shares of LG Display in the 3rd quarter valued at $42,000. Caprock Group LLC acquired a new stake in LG Display in the second quarter worth about $50,000. MQS Management LLC bought a new stake in LG Display during the 2nd quarter worth about $61,000. Wealthstream Advisors Inc. acquired a new position in LG Display during the 3rd quarter valued at about $64,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of LG Display by 20.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 16,411 shares of the electronics maker’s stock valued at $67,000 after purchasing an additional 2,819 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.