Loop Industries (NASDAQ:LOOP – Get Free Report) released its quarterly earnings data on Tuesday. The financial services provider reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.02, Zacks reports. Loop Industries had a negative return on equity of 118.35% and a negative net margin of 14,713.74%. The firm had revenue of $0.02 million during the quarter.
Loop Industries Price Performance
NASDAQ LOOP opened at $1.45 on Thursday. The company has a quick ratio of 1.93, a current ratio of 1.96 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $68.93 million, a PE ratio of -3.41 and a beta of 1.48. Loop Industries has a 12-month low of $1.17 and a 12-month high of $4.70. The company has a 50 day moving average price of $1.59 and a two-hundred day moving average price of $2.14.
Wall Street Analysts Forecast Growth
Separately, Cormark raised Loop Industries to a “moderate buy” rating in a research note on Monday, September 30th.
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.
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