Loop Industries, Inc. (NASDAQ:LOOP - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.21 and traded as high as $1.38. Loop Industries shares last traded at $1.26, with a volume of 155,949 shares.
Loop Industries Trading Down 7.4%
The company has a market cap of $60.13 million, a PE ratio of -3.94 and a beta of 1.78. The company has a debt-to-equity ratio of 7.56, a quick ratio of 3.48 and a current ratio of 3.50. The company has a 50 day simple moving average of $1.27 and a two-hundred day simple moving average of $1.21.
Loop Industries (NASDAQ:LOOP - Get Free Report) last posted its quarterly earnings results on Thursday, May 29th. The financial services provider reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.23. The business had revenue of $10.81 million during the quarter, compared to analysts' expectations of $0.03 million. Loop Industries had a negative net margin of 139.52% and a negative return on equity of 354.97%. Sell-side analysts forecast that Loop Industries, Inc. will post -0.47 EPS for the current year.
Hedge Funds Weigh In On Loop Industries
Several institutional investors and hedge funds have recently modified their holdings of LOOP. Balboa Wealth Partners raised its holdings in shares of Loop Industries by 50.5% during the fourth quarter. Balboa Wealth Partners now owns 76,124 shares of the financial services provider's stock worth $91,000 after acquiring an additional 25,549 shares in the last quarter. Virtu Financial LLC acquired a new position in Loop Industries in the 4th quarter worth about $33,000. CacheTech Inc. purchased a new stake in shares of Loop Industries during the 4th quarter worth about $30,000. 4WEALTH Advisors Inc. purchased a new stake in shares of Loop Industries during the 4th quarter worth about $60,000. Finally, Millennium Management LLC acquired a new stake in shares of Loop Industries during the 4th quarter valued at about $41,000. 4.89% of the stock is currently owned by hedge funds and other institutional investors.
Loop Industries Company Profile
(
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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