Loop Industries, Inc. (NASDAQ:LOOP - Free Report) - Research analysts at Cormark lifted their FY2028 earnings per share (EPS) estimates for Loop Industries in a report released on Monday, June 2nd. Cormark analyst N. Boychuk now expects that the financial services provider will post earnings of $0.15 per share for the year, up from their prior estimate of $0.14. The consensus estimate for Loop Industries' current full-year earnings is ($0.47) per share. Cormark also issued estimates for Loop Industries' FY2029 earnings at $0.26 EPS.
Loop Industries Price Performance
Shares of NASDAQ LOOP traded up $0.32 during trading on Tuesday, reaching $1.57. The company had a trading volume of 4,445,930 shares, compared to its average volume of 423,069. The company has a current ratio of 0.12, a quick ratio of 0.11 and a debt-to-equity ratio of 0.93. Loop Industries has a twelve month low of $0.85 and a twelve month high of $2.69. The stock has a 50-day moving average price of $1.05 and a two-hundred day moving average price of $1.18. The stock has a market capitalization of $74.76 million, a PE ratio of -2.80 and a beta of 1.73.
Loop Industries (NASDAQ:LOOP - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The financial services provider reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.23. Loop Industries had a negative net margin of 21,561.11% and a negative return on equity of 350.30%. The business had revenue of $10.81 million during the quarter, compared to analysts' expectations of $0.03 million.
Institutional Trading of Loop Industries
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LOOP. CacheTech Inc. acquired a new stake in Loop Industries during the fourth quarter worth approximately $30,000. Virtu Financial LLC purchased a new position in Loop Industries during the fourth quarter worth about $33,000. Millennium Management LLC acquired a new stake in Loop Industries in the 4th quarter worth about $41,000. 4WEALTH Advisors Inc. purchased a new position in shares of Loop Industries during the 4th quarter worth about $60,000. Finally, Towneley Capital Management Inc DE acquired a new stake in shares of Loop Industries in the first quarter worth approximately $78,000. Hedge funds and other institutional investors own 4.89% of the company's stock.
Loop Industries Company Profile
(
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Loop Industries, Inc, a technology company, focuses on depolymerizing waste polyethylene terephthalate PET plastics and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency and even ocean plastics that have been degraded by the sun and salt, to its base building blocks.
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