Loop Industries, Inc. (NASDAQ:LOOP) Director Jay Howard Stubina Acquires 50,000 Shares

Loop Industries, Inc. (NASDAQ:LOOP) Director Jay Howard Stubina acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 23rd. The stock was acquired at an average price of $1.20 per share, with a total value of $60,000.00. Following the completion of the acquisition, the director now directly owns 135,000 shares of the company’s stock, valued at $162,000. This represents a 58.82 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Loop Industries Stock Down 1.7 %

Shares of Loop Industries stock opened at $1.18 on Tuesday. Loop Industries, Inc. has a 12-month low of $0.96 and a 12-month high of $3.65. The stock has a market capitalization of $56.19 million, a P/E ratio of -2.11 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 moving average price of $1.28 and a two-hundred day moving average price of $1.48.

Loop Industries (NASDAQ:LOOP) last posted its earnings results on Tuesday, January 14th. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that Loop Industries, Inc. will post -0.47 earnings per share for the current year.

Analyst Ratings Changes

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

Hedge Funds Weigh In On Loop Industries

An institutional investor recently raised its position in Loop Industries stock. Geode Capital Management LLC raised its holdings in Loop Industries, Inc. (NASDAQ:LOOP) by 4.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 250,962 shares of the financial services provider’s stock after buying an additional 10,933 shares during the quarter. Geode Capital Management LLC owned 0.53% of Loop Industries worth $462,000 at the end of the most recent quarter. 4.89% of the stock is currently owned by institutional investors.

Loop Industries Company Profile

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.