Loop Industries (NASDAQ:LOOP) Lifted to Moderate Buy at Cormark

Cormark upgraded shares of Loop Industries (NASDAQ:LOOP) to a moderate buy rating in a research report sent to investors on Monday morning, Zacks.com reports. Cormark also issued estimates for Loop Industries’ FY2025 earnings at ($0.22) EPS, FY2026 earnings at ($0.22) EPS and FY2027 earnings at $0.11 EPS.

Loop Industries Stock Down 6.7 %

NASDAQ LOOP opened at $1.67 on Monday. The business has a fifty day moving average price of $1.59 and a two-hundred day moving average price of $2.20. The stock has a market capitalization of $79.39 million, a PE ratio of -4.07 and a beta of 1.47. Loop Industries has a fifty-two week low of $1.17 and a fifty-two week high of $4.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.96 and a quick ratio of 1.93.

Loop Industries (NASDAQ:LOOP) last announced its quarterly earnings data on Monday, July 15th. The financial services provider reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.02). The business had revenue of $0.01 million for the quarter. Loop Industries had a negative return on equity of 118.35% and a negative net margin of 14,713.74%. Equities analysts expect that Loop Industries will post -0.33 earnings per share for the current fiscal year.

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.