Daniel Solomita Sells 61,278 Shares of Loop Industries, Inc. (NASDAQ:LOOP) Stock

Loop Industries, Inc. (NASDAQ:LOOP - Get Free Report) CEO Daniel Solomita sold 61,278 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $1.56, for a total value of $95,593.68. Following the completion of the transaction, the chief executive officer now owns 548,722 shares of the company's stock, valued at $856,006.32. The trade was a 10.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Loop Industries Price Performance

Shares of LOOP stock traded down $0.13 on Monday, reaching $1.21. The company's stock had a trading volume of 251,815 shares, compared to its average volume of 390,959. The company has a market capitalization of $57.62 million, a P/E ratio of -3.02 and a beta of 1.54. The company has a quick ratio of 0.47, a current ratio of 0.48 and a debt-to-equity ratio of 0.93. The stock's 50 day simple moving average is $1.40 and its 200-day simple moving average is $1.66. Loop Industries, Inc. has a 12-month low of $1.17 and a 12-month high of $4.15.

Loop Industries (NASDAQ:LOOP - Get Free Report) last released its earnings results on Tuesday, October 15th. The financial services provider reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. Loop Industries had a negative net margin of 19,364.00% and a negative return on equity of 164.29%. The company had revenue of $0.02 million for the quarter. As a group, equities analysts predict that Loop Industries, Inc. will post -0.31 earnings per share for the current fiscal year.

Institutional Trading of Loop Industries

An institutional investor recently raised its position in Loop Industries stock. Geode Capital Management LLC increased its stake in Loop Industries, Inc. (NASDAQ:LOOP - Free Report) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 250,962 shares of the financial services provider's stock after purchasing an additional 10,933 shares during the quarter. Geode Capital Management LLC owned approximately 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 and hedge funds.

Wall Street Analyst Weigh In

Separately, Cormark raised Loop Industries to a "moderate buy" rating in a research note on Monday, September 30th.

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.