Loop Industries (NASDAQ:LOOP) Releases Earnings Results, Misses Expectations By $0.12 EPS

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Loop Industries (NASDAQ:LOOP) issued its quarterly earnings results on Wednesday. The financial services provider reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.12), Fidelity Earnings reports.

LOOP stock traded up $0.40 during midday trading on Friday, reaching $9.08. 3,307 shares of the company’s stock traded hands, compared to its average volume of 216,422. The firm has a market capitalization of $383.29 million, a PE ratio of -20.67 and a beta of 1.19. The company has a 50-day moving average price of $8.73 and a two-hundred day moving average price of $9.51. Loop Industries has a 52 week low of $5.70 and a 52 week high of $13.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 12.05 and a current ratio of 12.05.

Separately, Zacks Investment Research downgraded shares of Loop Industries from a “hold” rating to a “sell” rating in a report on Friday, October 9th.

Loop Industries Company Profile

Loop Industries, Inc focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It polymerized monomers into virgin-quality PET plastic for use in food-grade plastic packaging, such as water and carbonated soft drinks bottles, and containers for food and other consumer products; and polyester fibers comprising carpets, clothing, and other polyester textile to consumer goods companies.

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Earnings History for Loop Industries (NASDAQ:LOOP)

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