LG Display Stock Hits New 52-Week Low (LPL)

NEW YORK ( TheStreet) -- LG Display Company (NYSE: LPL) hit a new 52-week low Friday as it is currently trading at $12.51, below its previous 52-week low of $12.89 with 261,607 shares traded as of 9:36 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

LG Display has a market cap of $9.6 billion and is part of the technology sector and electronics industry. Shares are down 26% year to date as of the close of trading on Thursday.

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 United States, and Europe. The company has a P/E ratio of 9.6, below the average electronics industry P/E ratio of 33.3 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates LG Display as a 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. You can view the full LG Display Ratings Report.

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