Loop Industries (NASDAQ:LOOP) Releases Earnings Results, Meets Expectations

Loop Industries (NASDAQ:LOOP - Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported ($0.07) EPS for the quarter, hitting analysts' consensus estimates of ($0.07), Zacks reports. Loop Industries had a negative return on equity of 354.97% and a negative net margin of 120.79%. The business had revenue of $0.25 million during the quarter, compared to analysts' expectations of $0.16 million.

Loop Industries Price Performance

Shares of NASDAQ:LOOP traded up $0.05 during trading on Friday, hitting $1.36. 36,943 shares of the company's stock were exchanged, compared to its average volume of 120,938. The company has a debt-to-equity ratio of 7.56, a current ratio of 2.81 and a quick ratio of 3.48. Loop Industries has a 52-week low of $0.85 and a 52-week high of $2.29. The business's 50-day simple moving average is $1.30 and its 200 day simple moving average is $1.20. The company has a market cap of $64.66 million, a price-to-earnings ratio of -4.84 and a beta of 1.78.

About Loop Industries

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.