Hour Loop (NASDAQ:HOUR) Trading Down 4.8% - Time to Sell?

Key Points

• Hour Loop, Inc. (NASDAQ:HOUR) shares saw a 4.8% decline in trading, closing at $1.51 after hitting a low of $1.50.
• The company reported $0.04 earnings per share for the recent quarter, with revenues of $27.10 million.
• Hour Loop has a market cap of $53.21 million and a P/E ratio of 50.45, indicating relatively high valuation compared to its earnings.

Hour Loop, Inc. (NASDAQ:HOUR - Get Free Report) shares were down 4.8% during trading on Monday . The company traded as low as $1.50 and last traded at $1.51. Approximately 24,440 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 23,368 shares. The stock had previously closed at $1.59.

Hour Loop Stock Performance

The business's 50-day moving average price is $1.65 and its 200 day moving average price is $1.54. The company has a market cap of $53.21 million, a P/E ratio of 50.45 and a beta of 1.23.

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

About Hour Loop

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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