Loop Industries (NASDAQ:LOOP) Share Price Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Technical breakout: Loop's shares moved above the 200-day moving average (200‑day MA $1.30), trading as high as $1.50 and last at $1.47 on a volume of 33,068 shares.
• Weak fundamentals despite a small EPS beat: The company reported ($0.06) EPS—$0.01 better than consensus—but revenue missed heavily ($0.09M vs. $0.78M); analysts still forecast a -0.47 EPS for the year and the market cap is about $71M.
• Limited institutional ownership: Institutions own roughly 4.89% of the stock, though firms like State Street and Goldman Sachs increased their positions in the most recent quarter.

Loop Industries, Inc. (NASDAQ:LOOP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.30 and traded as high as $1.50. Loop Industries shares last traded at $1.47, with a volume of 33,068 shares changing hands.

Loop Industries Price Performance

The business's 50 day moving average price is $1.32 and its 200-day moving average price is $1.30. The company has a market cap of $71.06 million, a P/E ratio of -24.50 and a beta of 1.60.

Loop Industries (NASDAQ:LOOP - Get Free Report) last posted its earnings results on Wednesday, January 14th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. The firm had revenue of $0.09 million during the quarter, compared to the consensus estimate of $0.78 million. As a group, research analysts forecast that Loop Industries, Inc. will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. State Street Corp raised its stake in shares of Loop Industries by 16.3% in the fourth quarter. State Street Corp now owns 88,340 shares of the financial services provider's stock valued at $88,000 after acquiring an additional 12,400 shares during the last quarter. Salvus Wealth Management LLC bought a new position in shares of Loop Industries in the third quarter valued at approximately $29,000. Goldman Sachs Group Inc. raised its stake in shares of Loop Industries by 40.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 74,289 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 21,502 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Loop Industries in the second quarter valued at approximately $39,000. Finally, XTX Topco Ltd bought a new position in shares of Loop Industries in the fourth quarter valued at approximately $32,000. Institutional investors own 4.89% of the company's stock.

About Loop Industries

Loop Industries NASDAQ: LOOP is a technology innovator in the sustainable plastics sector. The company has developed a proprietary depolymerization process that breaks down end-of-life polyethylene terephthalate (PET) plastic and polyester fiber into their base molecules. These purified monomers are then repolymerized into virgin-quality PET resin suitable for new packaging applications, creating a closed-loop recycling solution that addresses global plastic waste challenges.

With its headquarters in Terrebonne, Quebec, Loop Industries operates pilot and demonstration facilities to validate and refine its technology.

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