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

Loop Industries (NASDAQ:LOOP) posted its quarterly earnings data on Wednesday. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.10) by ($0.12), Fidelity Earnings reports.

Shares of LOOP traded up $0.50 during trading hours on Friday, reaching $9.18. 2,902 shares of the company traded hands, compared to its average volume of 216,422. The company has a debt-to-equity ratio of 0.07, a quick ratio of 12.05 and a current ratio of 12.05. The stock’s fifty day moving average is $8.73 and its 200 day moving average is $9.51. Loop Industries has a 1-year low of $5.70 and a 1-year high of $13.96. The stock has a market cap of $387.52 million, a P/E ratio of -20.67 and a beta of 1.19.

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

About Loop Industries

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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