Loop Industries, Inc. (NASDAQ:LOOP) Director Purchases $31,433.85 in Stock

Loop Industries, Inc. (NASDAQ:LOOP) Director Laurence G. Sellyn acquired 29,937 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was purchased at an average price of $1.05 per share, for a total transaction of $31,433.85. Following the completion of the acquisition, the director now owns 197,833 shares in the company, valued at $207,724.65. The trade was a 17.83 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Loop Industries Trading Up 3.4 %

Shares of LOOP opened at $1.20 on Friday. Loop Industries, Inc. has a 52-week low of $0.96 and a 52-week high of $3.65. The stock has a market cap of $57.14 million, a PE ratio of -2.14 and a beta of 1.57. The firm’s fifty day moving average is $1.28 and its two-hundred day moving average is $1.49. The company has a quick ratio of 0.11, a current ratio of 0.12 and a debt-to-equity ratio of 0.93.

Loop Industries (NASDAQ:LOOP) last posted its quarterly 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%. Research analysts forecast that Loop Industries, Inc. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Loop Industries

A hedge fund recently raised its stake in Loop Industries stock. Balboa Wealth Partners boosted its stake in shares of Loop Industries, Inc. (NASDAQ:LOOP) by 24.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,575 shares of the financial services provider’s stock after buying an additional 9,880 shares during the period. Balboa Wealth Partners owned 0.11% of Loop Industries worth $93,000 at the end of the most recent quarter. 4.89% of the stock is currently owned by hedge funds and other institutional investors.

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.