LG Display (NYSE:LPL) Share Price Crosses Above 200-Day Moving Average of $5.64

LG Display Co., Ltd. (NYSE:LPL – Get Rating)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.64 and traded as high as $5.95. LG Display shares last traded at $5.94, with a volume of 131,788 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on LPL shares. JPMorgan Chase & Co. upgraded shares of LG Display from a “neutral” rating to an “overweight” rating in a research report on Wednesday, April 12th. StockNews.com started coverage on shares of LG Display in a research report on Thursday, May 18th. They issued a “hold” rating on the stock.

LG Display Trading Down 1.0 %

The company has a market cap of $4.25 billion, a price-to-earnings ratio of -1.30 and a beta of 1.43. The business’s fifty day moving average price is $5.93 and its 200 day moving average price is $5.64. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.77 and a quick ratio of 0.55.

Hedge Funds Weigh In On LG Display

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in LG Display by 82.7% during the first quarter. BlackRock Inc. now owns 779,380 shares of the electronics maker’s stock worth $6,438,000 after buying an additional 352,719 shares during the last quarter. American Century Companies Inc. raised its stake in LG Display by 77.5% during the fourth quarter. American Century Companies Inc. now owns 494,478 shares of the electronics maker’s stock worth $2,453,000 after buying an additional 215,950 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in LG Display by 126.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 267,565 shares of the electronics maker’s stock worth $1,092,000 after buying an additional 149,248 shares during the last quarter. First Trust Direct Indexing L.P. raised its stake in LG Display by 26.3% during the first quarter. First Trust Direct Indexing L.P. now owns 269,952 shares of the electronics maker’s stock worth $1,722,000 after buying an additional 56,205 shares during the last quarter. Finally, CI Private Wealth LLC bought a new position in LG Display during the fourth quarter worth $261,000. Institutional investors and hedge funds own 2.00% of the company’s stock.

LG Display Company Profile

(Get Rating)

LG Display Co, Ltd. engages in the manufacture and sale of thin film transistor and organic light-emitting diode display (OLED) products. Its products include television, commercial, monitor, notebook, mobile, auto, and OLED display. The company was founded on February 28, 1985 and is headquartered in Seoul, South Korea.