Loop Industries, Inc., a technology company, focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It polymerized monomers into virgin-quality PET resins for use in food-grade plastic packaging, such as plastic bottles for water and carbonated soft drinks, and containers for food and other consumer products; and polyester fibers, including textiles, clothing, and apparel. The company was incorporated in 2010 and is based in Terrebonne, Canada.
Loop Industries Stock Performance
NASDAQ:LOOP traded up $0.29 during trading hours on Friday, reaching $7.00. The company had a trading volume of 41,699 shares, compared to its average volume of 49,085. The company has a current ratio of 5.10, a quick ratio of 5.10 and a debt-to-equity ratio of 0.09. The business's 50-day simple moving average is $5.37 and its two-hundred day simple moving average is $6.59. Loop Industries has a twelve month low of $3.61 and a twelve month high of $17.94.
Loop Industries (NASDAQ:LOOP - Get Rating) last posted its quarterly earnings results on Wednesday, July 13th. The financial services provider reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.20). On average, equities analysts predict that Loop Industries will post -1 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, Raymond James lowered their target price on shares of Loop Industries from $19.50 to $19.00 and set an "outperform" rating for the company in a research note on Friday, July 15th.