Loop Industries (NASDAQ:LOOP) Releases Earnings Results

Loop Industries (NASDAQ:LOOP) announced its quarterly earnings data on Wednesday. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.12), Fidelity Earnings reports.

Shares of NASDAQ LOOP traded up $0.40 during midday trading on Friday, reaching $9.08. 3,307 shares of the company were exchanged, compared to its average volume of 216,422. The stock’s 50-day moving average price is $8.73 and its 200-day moving average price is $9.51. The stock has a market cap of $383.29 million, a P/E ratio of -20.67 and a beta of 1.19. The company has a quick ratio of 12.05, a current ratio of 12.05 and a debt-to-equity ratio of 0.07. Loop Industries has a one year low of $5.70 and a one year high of $13.96.

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

About Loop Industries

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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