Cormark Upgrades Loop Industries (NASDAQ:LOOP) to “Moderate Buy”

Cormark upgraded shares of Loop Industries (NASDAQ:LOOP) to a moderate buy rating in a research report report published on Monday morning, Zacks.com reports. Cormark also issued estimates for Loop Industries’ FY2025 earnings at ($0.22) EPS, FY2026 earnings at ($0.22) EPS and FY2027 earnings at $0.11 EPS.

Loop Industries Stock Performance

NASDAQ LOOP opened at $1.67 on Monday. The company has a market capitalization of $79.39 million, a PE ratio of -4.07 and a beta of 1.47. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.93 and a current ratio of 1.96. Loop Industries has a 52-week low of $1.17 and a 52-week high of $4.70. The company has a 50-day simple moving average of $1.59 and a 200 day simple moving average of $2.20.

Loop Industries (NASDAQ:LOOP) last issued its quarterly earnings results on Monday, July 15th. The financial services provider reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.02). Loop Industries had a negative return on equity of 118.35% and a negative net margin of 14,713.74%. The company had revenue of $0.01 million for the quarter. On average, research analysts predict that Loop Industries will post -0.33 EPS for the current year.

About Loop Industries

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.