Loop Industries (NASDAQ:LOOP) Issues Earnings Results, Misses Estimates By $0.02 EPS

Loop Industries (NASDAQ:LOOP) posted its earnings results on Monday. The financial services provider reported ($0.11) earnings per share (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 net margin of 14,713.74% and a negative return on equity of 103.49%.

Loop Industries Price Performance

NASDAQ LOOP opened at $2.00 on Wednesday. The company has a fifty day moving average of $2.42 and a 200 day moving average of $2.86. Loop Industries has a 1 year low of $1.91 and a 1 year high of $4.70. The company has a debt-to-equity ratio of 0.23, a quick ratio of 3.26 and a current ratio of 3.30.

Loop Industries Company Profile

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.