Shares of LG Display Co Ltd AMERICAN DEPOSITORY SHARES (NYSE:LPL) traded at a new 52-week high today of $11.24. This new high was reached on below average trading volume as 391,000 shares traded hands, while the average 30-day volume is approximately 820,000 shares.
LG Display is a South Korea-based company that is principally engaged in developing, manufacturing and selling TFT-LCD and OLED display panels. The company’s products consist of panels for notebook computers, monitors, televisions, smartphones, tablets, and others. The company conducts direct sales through overseas subsidiaries in a number of countries, including the United States, Germany, Japan, Taiwan, China, and Singapore. These subsidiaries conduct sales activities and offer technical support to clients. The company generates the majority of its revenue from overseas markets, with the rest from South Korea.
Potential upside of 41.8% exists for LG Display Co Ltd AMERICAN DEPOSITORY SHARES, based on a current level of $11.21 and analysts’ average consensus price target of $15.89.
In the past 52 weeks, LG Display Co Ltd AMERICAN DEPOSITORY SHARES share prices are bracketed by a low of $3.63 and a high of $11.24 and is now at $11.21, 208% above that low price.
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