Loop Industries, Inc. (NASDAQ:LOOP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.20 and traded as high as $1.70. Loop Industries shares last traded at $1.55, with a volume of 131,951 shares traded.
Loop Industries Price Performance
The stock has a market capitalization of $75.87 million, a P/E ratio of -4.97 and a beta of 1.77. The company has a current ratio of 3.50, a quick ratio of 3.48 and a debt-to-equity ratio of 7.56. The company has a fifty day simple moving average of $1.23 and a two-hundred day simple moving average of $1.21.
Loop Industries (NASDAQ:LOOP - Get Free Report) last posted its earnings results on Thursday, May 29th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.23. The company had revenue of $10.81 million during the quarter, compared to analyst estimates of $0.03 million. Loop Industries had a negative return on equity of 354.97% and a negative net margin of 139.52%. Sell-side analysts expect that Loop Industries, Inc. will post -0.47 EPS for the current fiscal year.
Hedge Funds Weigh In On Loop Industries
Several institutional investors have recently modified their holdings of LOOP. CacheTech Inc. acquired a new position in shares of Loop Industries in the 4th quarter valued at approximately $30,000. Virtu Financial LLC acquired a new position in shares of Loop Industries in the 4th quarter valued at approximately $33,000. Millennium Management LLC acquired a new position in shares of Loop Industries in the 4th quarter valued at approximately $41,000. 4WEALTH Advisors Inc. acquired a new position in shares of Loop Industries in the 4th quarter valued at approximately $60,000. Finally, Towneley Capital Management Inc DE acquired a new position in shares of Loop Industries in the 1st quarter valued at approximately $78,000. 4.89% of the stock is currently owned by institutional investors and hedge funds.
About Loop Industries
(
Get Free Report)
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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