Loop Industries, Inc. (NASDAQ:LOOP) Director Purchases $25,706.45 in Stock

Loop Industries, Inc. (NASDAQ:LOOP) Director Spencer Hart purchased 21,245 shares of Loop Industries stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of $1.21 per share, with a total value of $25,706.45. Following the completion of the transaction, the director now owns 52,015 shares of the company’s stock, valued at $62,938.15. This represents a 69.04 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Spencer Hart also recently made the following trade(s):

• On Thursday, February 20th, Spencer Hart acquired 55,000 shares of Loop Industries stock. The shares were bought at an average cost of $1.29 per share, for a total transaction of $70,950.00.

Loop Industries Stock Up 9.7 %

LOOP stock opened at $1.36 on Friday. Loop Industries, Inc. has a twelve month low of $0.96 and a twelve month high of $3.45. The firm has a market capitalization of $64.76 million, a PE ratio of -2.43 and a beta of 1.57. The company has a quick ratio of 0.11, a current ratio of 0.12 and a debt-to-equity ratio of 0.93. The stock has a 50-day simple moving average of $1.20 and a two-hundred day simple moving average of $1.39.

Loop Industries (NASDAQ:LOOP) last posted its earnings results on Tuesday, January 14th. The financial services provider reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. Loop Industries had a negative net margin of 21,561.11% and a negative return on equity of 350.30%. On average, equities analysts predict that Loop Industries, Inc. will post -0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LOOP. CacheTech Inc. bought a new stake in Loop Industries during the fourth quarter valued at $30,000. Virtu Financial LLC bought a new stake in shares of Loop Industries during the 4th quarter valued at about $33,000. Millennium Management LLC purchased a new position in shares of Loop Industries during the fourth quarter worth about $41,000. 4WEALTH Advisors Inc. purchased a new stake in Loop Industries in the fourth quarter valued at approximately $60,000. Finally, Balboa Wealth Partners raised its stake in Loop Industries by 50.5% in the fourth quarter. Balboa Wealth Partners now owns 76,124 shares of the financial services provider’s stock valued at $91,000 after purchasing an additional 25,549 shares in the last quarter. Institutional investors own 4.89% of the company’s stock.

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.