Loop Industries (NASDAQ:LOOP) Announces Quarterly Earnings Results

Loop Industries (NASDAQ:LOOP) released its earnings results on Monday. The financial services provider reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02), Yahoo Finance reports. The business had revenue of $0.01 million for the quarter. Loop Industries had a negative return on equity of 103.49% and a negative net margin of 14,713.74%.

Loop Industries Stock Performance

Shares of LOOP stock opened at $2.00 on Wednesday. The company has a current ratio of 3.30, a quick ratio of 3.26 and a debt-to-equity ratio of 0.23. Loop Industries has a fifty-two week low of $1.91 and a fifty-two week high of $4.70. The stock has a 50 day moving average price of $2.42 and a two-hundred day moving average price of $2.86.

About Loop Industries

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.