Loop Industries (NASDAQ:LOOP) Posts Quarterly Earnings Results

Loop Industries (NASDAQ:LOOP) issued its earnings results on Thursday. The financial services provider reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01), Fidelity Earnings reports.

Shares of NASDAQ LOOP opened at $10.61 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 6.68 and a quick ratio of 6.68. The stock has a market capitalization of $419.99 million, a P/E ratio of -27.21 and a beta of 0.47. Loop Industries has a 1-year low of $6.33 and a 1-year high of $18.65. The business has a fifty day moving average price of $10.65 and a 200 day moving average price of $11.99.

LOOP has been the subject of several research reports. Zacks Investment Research cut Loop Industries from a “buy” rating to a “hold” rating in a report on Friday. Roth Capital initiated coverage on Loop Industries in a report on Monday, October 14th. They issued a “buy” rating and a $14.00 target price for the company. ValuEngine cut Loop Industries from a “hold” rating to a “sell” rating in a report on Thursday, December 26th. Finally, HC Wainwright upped their target price on Loop Industries from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, 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 re-polymerized monomers into virgin-quality PET plastic for use in food-grade plastic packaging, such as water and soda bottles, as well as polyester fibers for textile applications.

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Earnings History for Loop Industries (NASDAQ:LOOP)

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