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

Loop Industries, Inc. (NASDAQ:LOOP) Director Spencer Hart bought 21,245 shares of the stock in a transaction dated Tuesday, February 18th. The stock was bought at an average cost of $1.21 per share, with a total value of $25,706.45. Following the purchase, the director now owns 52,015 shares in the company, valued at $62,938.15. The trade was a 69.04 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

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

Loop Industries Trading Down 2.3 %

Shares of NASDAQ LOOP traded down $0.03 during midday trading on Thursday, reaching $1.25. The company had a trading volume of 93,166 shares, compared to its average volume of 95,181. Loop Industries, Inc. has a one year low of $0.96 and a one year high of $3.45. 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 firm’s fifty day moving average price is $1.21 and its 200-day moving average price is $1.40. The stock has a market cap of $59.53 million, a PE ratio of -2.23 and a beta of 1.57.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. CacheTech Inc. purchased a new position in Loop Industries during the 4th quarter valued at about $30,000. Virtu Financial LLC purchased a new position in Loop Industries during the 4th quarter valued at about $33,000. Millennium Management LLC purchased a new position in Loop Industries during the 4th quarter valued at about $41,000. 4WEALTH Advisors Inc. purchased a new position in Loop Industries during the 4th quarter valued at about $60,000. Finally, Balboa Wealth Partners increased its holdings in Loop Industries by 24.3% during the 3rd quarter. Balboa Wealth Partners now owns 50,575 shares of the financial services provider’s stock valued at $93,000 after purchasing an additional 9,880 shares during the period. Hedge funds and other 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.