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

Cormark updated the odds of Loop Industries (NASDAQ:LOOP – Free Report) to a moderate-buy rating in a research report sent to investors on Monday, Zacks.com reports.

Loop Industries trades 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 company 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 cap of $87.47 million, a price-to-earnings ratio of -4.18 and a beta of 1.47.

Loop Industries (NASDAQ:LOOP – Get Free Report ) 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 forecast that Loop Industries will post -0.33 EPS for the current year.

Loop Industries Company Profile

(Get a free report)

Loop Industries, Inc, a technology company, focuses on the depolymerization of waste polyethylene terephthalate PET plastic and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency, and even ocean plastics that have been degraded by sun and salt, to its basic building blocks.

Featured stories

Get daily news and reviews for Loop Industries – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Loop Industries and related companies with MarketBeat.com’s FREE daily email newsletter.