Loop Industries (NASDAQ:LOOP) Upgraded to “Moderate Buy” by Cormark

Cormark upgraded shares of Loop Industries (NASDAQ:LOOP) to a moderate buy rating in a research report sent to investors on Monday, Zacks.com reports.

Loop Industries Trading Down 3.7 %

LOOP opened at $1.84 on Monday. Loop Industries has a one year low of $1.17 and a one year high of $4.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.96 and a quick ratio of 1.93. The business has a 50 day simple moving average of $1.58 and a two-hundred day simple moving average of $2.21. The firm has a market capitalization of $87.47 million, a price-to-earnings ratio of -4.18 and a beta of 1.47.

Loop Industries (NASDAQ:LOOP) last announced its quarterly earnings results on Monday, July 15th. The financial services provider reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). The business had revenue of $0.01 million during the quarter. Loop Industries had a negative return on equity of 118.35% and a negative net margin of 14,713.74%. Analysts predict that Loop Industries will post -0.33 EPS for the current year.

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.