Loop Industries (NASDAQ:LOOP – Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.02, Zacks reports. Loop Industries had a negative return on equity of 118.35% and a negative net margin of 14,713.74%. The firm had revenue of $0.02 million for the quarter.
Loop Industries Price Performance
LOOP opened at $1.45 on Thursday. The firm has a market capitalization of $68.93 million, a P/E ratio of -3.41 and a beta of 1.48. The stock has a fifty day moving average of $1.59 and a 200-day moving average of $2.14. The company has a quick ratio of 1.93, a current ratio of 1.96 and a debt-to-equity ratio of 0.60. Loop Industries has a 12-month low of $1.17 and a 12-month high of $4.70.
Wall Street Analysts Forecast Growth
Separately, Cormark raised shares of Loop Industries to a “moderate buy” rating in a research report on Monday, September 30th.
Loop Industries Company Profile
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.
See Also
- Five stocks we like better than Loop Industries
- Canadian Penny Stocks: Can They Make You Rich?
- Top 3 ETFs Dominating the Market With Huge Trading Volumes
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Broadcom’s Targeted Upside Just Keeps Getting Better
- Overbought Stocks Explained: Should You Trade Them?
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
Receive News & Ratings for Loop Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loop Industries and related companies with MarketBeat.com's FREE daily email newsletter.
