Loop Industries (NASDAQ:LOOP) Issues Earnings Results

Loop Industries (NASDAQ:LOOP) announced its earnings results on Monday. The financial services provider reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03), Fidelity Earnings reports.

Loop Industries stock opened at $7.55 on Thursday. Loop Industries has a 1 year low of $6.05 and a 1 year high of $13.96. The firm has a 50 day moving average price of $12.17 and a 200 day moving average price of $9.75. The company has a market cap of $318.71 million, a price-to-earnings ratio of -19.87 and a beta of 0.71. The company has a debt-to-equity ratio of 0.06, a quick ratio of 20.53 and a current ratio of 20.53.

In other Loop Industries news, CFO Nelson Gentiletti acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, October 14th. The stock was bought at an average cost of $7.31 per share, for a total transaction of $36,550.00. Following the completion of the purchase, the chief financial officer now directly owns 12,083 shares in the company, valued at $88,326.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Laurence G. Sellyn acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, October 13th. The shares were acquired at an average price of $8.04 per share, with a total value of $80,400.00. Following the completion of the purchase, the director now owns 11,695 shares of the company’s stock, valued at $94,027.80. The disclosure for this purchase can be found here. 47.64% of the stock is currently owned by insiders.

A number of equities research analysts have recently commented on LOOP shares. ValuEngine upgraded shares of Loop Industries from a “hold” rating to a “buy” rating in a report on Friday, July 3rd. HC Wainwright reiterated a “buy” rating and set a $15.00 price target on shares of Loop Industries in a report on Thursday, September 10th. BidaskClub downgraded shares of Loop Industries from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research downgraded shares of Loop Industries from a “hold” rating to a “sell” rating in a report on Friday, October 9th.

About Loop Industries

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.

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Earnings History for Loop Industries (NASDAQ:LOOP)

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