Loop Industries (NASDAQ:LOOP) Raised to Moderate Buy at Cormark

Loop Industries (NASDAQ:LOOP) was upgraded by stock analysts at Cormark to a “moderate buy” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

Loop Industries Price Performance

Shares of Loop Industries stock opened at $1.78 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.93 and a current ratio of 1.96. Loop Industries has a 52-week low of $1.17 and a 52-week high of $4.70. The company has a fifty day moving average of $1.58 and a 200-day moving average of $2.21. The stock has a market capitalization of $84.62 million, a price-to-earnings ratio of -4.09 and a beta of 1.47.

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

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.