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, 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.
Further Reading: How mutual funds make money
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.