Loop Industries, Inc. (NASDAQ:LOOP - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.28 and traded as high as $1.45. Loop Industries shares last traded at $1.38, with a volume of 141,781 shares changing hands.
Loop Industries Stock Performance
The firm has a market cap of $66.71 million, a PE ratio of -23.00 and a beta of 1.44. The company's 50-day simple moving average is $1.35 and its two-hundred day simple moving average is $1.28.
Institutional Investors Weigh In On Loop Industries
Several institutional investors and hedge funds have recently modified their holdings of LOOP. Corient Private Wealth LLC purchased a new position in Loop Industries during the 2nd quarter valued at about $346,000. Osaic Holdings Inc. lifted its position in Loop Industries by 17,220.7% during the 2nd quarter. Osaic Holdings Inc. now owns 168,011 shares of the financial services provider's stock valued at $239,000 after acquiring an additional 167,041 shares during the period. Fifth Third Bancorp purchased a new position in Loop Industries during the 1st quarter valued at about $215,000. Citadel Advisors LLC lifted its position in Loop Industries by 564.3% during the 3rd quarter. Citadel Advisors LLC now owns 44,536 shares of the financial services provider's stock valued at $66,000 after acquiring an additional 54,129 shares during the period. Finally, Susquehanna International Group LLP purchased a new position in Loop Industries during the 3rd quarter valued at about $49,000. 4.89% of the stock is owned by hedge funds and other institutional investors.
About Loop Industries
(
Get Free Report)
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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