NEW YORK ( TheStreet) -- LG Display Company (NYSE: LPL) has been upgraded by TheStreet Ratings from sell to hold. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and feeble growth in the company's earnings per share.

Highlights from the ratings report include:
  • The gross profit margin for LG DISPLAY CO LTD is rather low; currently it is at 18.40%. It has decreased from the same quarter the previous year. Along with this, the net profit margin of -3.90% trails that of the industry average.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income has significantly decreased by 123.9% when compared to the same quarter one year ago, falling from $954.48 million to -$228.40 million.
  • The share price of LG DISPLAY CO LTD has not done very well: it is down 14.25% and has underperformed the S&P 500, in part reflecting the company's sharply declining earnings per share when compared to the year-earlier quarter.

LG Display Co., Ltd. engages in the manufacture and supply of thin film transistor liquid crystal displays (TFT-LCD) to original equipment manufacturers and multinational corporations primarily in Asia, the Americas, and Europe. The company has a P/E ratio of 11.2, below the average electronics industry P/E ratio of 38.8 and below the S&P 500 P/E ratio of 17.7. LG Display has a market cap of $11.2 billion and is part of the technology sector and electronics industry. Shares are down 12.2% year to date as of the close of trading on Monday.

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