Hour Loop (NASDAQ:HOUR) Shares Down 0.4% - Here's What Happened

Key Points

• Hour Loop, Inc. shares declined by 0.4%, trading at $2.83, and experienced a significant drop in trading volume, down 99% from its average.
• According to Weiss Ratings, the stock is rated as a "sell (d+)", aligning with the consensus rating of "Sell" from analysts.
• For the most recent quarter, Hour Loop reported earnings of $0.04 per share and revenue of $27.10 million, with a net margin of 0.56%.

Hour Loop, Inc. (NASDAQ:HOUR - Get Free Report) traded down 0.4% on Monday . The stock traded as low as $2.80 and last traded at $2.83. 49,548 shares changed hands during trading, a decline of 99% from the average session volume of 3,820,604 shares. The stock had previously closed at $2.84.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d+)" rating on shares of Hour Loop in a research report on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of "Sell".

Hour Loop Stock Performance

The stock has a market capitalization of $99.53 million, a P/E ratio of 94.36 and a beta of 1.49. The stock has a 50-day simple moving average of $2.36 and a 200 day simple moving average of $1.74.

Hour Loop (NASDAQ:HOUR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.04 earnings per share (EPS) for the quarter. The business had revenue of $27.10 million for the quarter. Hour Loop had a return on equity of 12.49% and a net margin of 0.56%.

Hour Loop Company Profile

Hour Loop, Inc, an online retailer, engages in e-commerce retailing in the United States. The company sells products in various categories, including home/garden décor, toys, kitchenware, apparels, and electronics products. It sells its products through hourloop.com, as well as third-party marketplaces.

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