Loop Industries, Inc. (NASDAQ:LOOP) Director Laurence G. Sellyn Purchases 29,937 Shares of Stock

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

Loop Industries Stock Up 1.8 %

Shares of NASDAQ LOOP opened at $1.16 on Friday. Loop Industries, Inc. has a 52-week low of $0.96 and a 52-week high of $3.65. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.11 and a current ratio of 0.12. The company’s 50 day moving average price is $1.29 and its 200-day moving average price is $1.50. The company has a market capitalization of $55.24 million, a P/E ratio of -2.07 and a beta of 1.57.

Loop Industries (NASDAQ:LOOP) last issued its quarterly earnings results on Tuesday, January 14th. The financial services provider reported ($0.07) 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 forecast that Loop Industries, Inc. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

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. Geode Capital Management LLC raised its holdings in Loop Industries, Inc. (NASDAQ:LOOP) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 4.89% of the company’s stock.

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.