Loop Industries, Inc. (NASDAQ:LOOP - Get Free Report) CEO Daniel Solomita sold 61,278 shares of Loop Industries stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $1.56, for a total transaction of $95,593.68. Following the completion of the sale, the chief executive officer now owns 548,722 shares of the company's stock, valued at $856,006.32. This trade represents a 10.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
NASDAQ:LOOP traded down $0.13 on Monday, reaching $1.21. 248,208 shares of the company's stock were exchanged, compared to its average volume of 390,921. The firm has a market capitalization of $57.62 million, a price-to-earnings ratio of -3.02 and a beta of 1.54. Loop Industries, Inc. has a 52-week low of $1.17 and a 52-week high of $4.15. The company has a quick ratio of 0.47, a current ratio of 0.48 and a debt-to-equity ratio of 0.93. The business has a fifty day moving average of $1.41 and a 200-day moving average of $1.67.
Loop Industries (NASDAQ:LOOP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 15th. The financial services provider reported ($0.10) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.02. The firm had revenue of $0.02 million during the quarter. Loop Industries had a negative net margin of 19,364.00% and a negative return on equity of 164.29%. As a group, analysts expect that Loop Industries, Inc. will post -0.31 earnings per share for the current year.
Separately, Cormark raised Loop Industries to a "moderate buy" rating in a research note on Monday, September 30th.
Read Our Latest Report on Loop Industries
An institutional investor recently raised its position in Loop Industries stock. Balboa Wealth Partners boosted its stake in shares of Loop Industries, Inc. (NASDAQ:LOOP - Free Report) by 24.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,575 shares of the financial services provider's stock after purchasing an additional 9,880 shares during the quarter. Balboa Wealth Partners owned approximately 0.11% of Loop Industries worth $93,000 as of its most recent SEC filing. Institutional investors own 4.89% of the company's stock.
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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