Loop Industries (NASDAQ:LOOP) Announces Earnings Results, Misses Expectations By $0.01 EPS

Loop Industries (NASDAQ:LOOP) issued its quarterly earnings results on Thursday. The financial services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01), Fidelity Earnings reports.

NASDAQ LOOP opened at $9.93 on Friday. Loop Industries has a 1-year low of $6.33 and a 1-year high of $18.65. The company has a quick ratio of 6.68, a current ratio of 6.68 and a debt-to-equity ratio of 0.02. The business’s 50-day simple moving average is $10.64 and its 200-day simple moving average is $11.99.

A number of brokerages have weighed in on LOOP. Zacks Investment Research lowered shares of Loop Industries from a “buy” rating to a “hold” rating in a report on Friday. HC Wainwright upped their price objective on Loop Industries from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. ValuEngine lowered Loop Industries from a “hold” rating to a “sell” rating in a research report on Thursday, December 26th. Finally, Roth Capital began coverage on Loop Industries in a report on Monday, October 14th. They issued a “buy” rating and a $14.00 target price on the stock.

Loop Industries Company Profile

Loop Industries, Inc focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It re-polymerized monomers into virgin-quality PET plastic for use in food-grade plastic packaging, such as water and soda bottles, as well as polyester fibers for textile applications.

Further Reading: Price to Earnings Ratio (PE) Basics

Earnings History for Loop Industries (NASDAQ:LOOP)

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