Hour Loop (NASDAQ:HOUR) Posts Quarterly Earnings Results

Hour Loop (NASDAQ:HOUR) issued its earnings results on Tuesday. The company reported ($0.02) earnings per share for the quarter, FiscalAI reports. Hour Loop had a net margin of 0.59% and a return on equity of 12.96%. The firm had revenue of $56.08 million during the quarter.

Hour Loop Stock Performance

Shares of NASDAQ HOUR opened at $1.89 on Tuesday. The stock has a market cap of $66.49 million, a price-to-earnings ratio of 63.02 and a beta of 1.43. Hour Loop has a 52 week low of $1.10 and a 52 week high of $6.84. The company’s 50-day moving average price is $1.87 and its 200 day moving average price is $2.17.

Institutional Trading of Hour Loop

A hedge fund recently bought a new stake in Hour Loop stock. Two Sigma Investments LP purchased a new stake in Hour Loop, Inc. (NASDAQ:HOUR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 54,226 shares of the company’s stock, valued at approximately $159,000. Two Sigma Investments LP owned 0.15% of Hour Loop as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 0.31% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Hour Loop in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About Hour Loop

Hour Loop, Inc, an online retailer, engages in e-commerce retailing in the United States. The company sells products in various categories, including home/garden décor, toys, kitchenware, apparels, and electronics products. It sells its products through hourloop.com, as well as third-party marketplaces. Hour Loop, Inc was founded in 2013 and is headquartered in Redmond, Washington.