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.
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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