Loop Industries (NASDAQ:LOOP) Issues Earnings Results

Loop Industries (NASDAQ:LOOP) issued its earnings results on Wednesday. The financial services provider reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.12), Fidelity Earnings reports.

NASDAQ LOOP traded up $0.23 during mid-day trading on Friday, reaching $8.91. 3,727 shares of the stock were exchanged, compared to its average volume of 216,422. Loop Industries has a one year low of $5.70 and a one year high of $13.96. The stock has a 50 day simple moving average of $8.73 and a 200-day simple moving average of $9.51. The stock has a market cap of $376.12 million, a P/E ratio of -20.67 and a beta of 1.19. The company has a debt-to-equity ratio of 0.07, a current ratio of 12.05 and a quick ratio of 12.05.

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

Loop Industries Company Profile

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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