Loop Industries (NASDAQ:LOOP) Posts Earnings Results, Beats Estimates By $0.02 EPS

Loop Industries (NASDAQ:LOOP) announced its quarterly earnings data on Tuesday. The financial services provider reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.02, Zacks reports. The company had revenue of $0.02 million during the quarter. Loop Industries had a negative return on equity of 118.35% and a negative net margin of 14,713.74%.

Loop Industries Price Performance

NASDAQ LOOP traded up $0.08 during trading hours on Thursday, hitting $1.53. The company had a trading volume of 9,037 shares, compared to its average volume of 24,973. The firm has a 50 day simple moving average of $1.59 and a 200 day simple moving average of $2.13. 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 firm has a market capitalization of $72.83 million, a price-to-earnings ratio of -3.48 and a beta of 1.48.

Wall Street Analysts Forecast Growth

Separately, Cormark raised shares of Loop Industries to a “moderate buy” rating in a research report on Monday, September 30th.

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.