Insider Buying: Loop Industries, Inc. (NASDAQ:LOOP) Director Purchases 50,000 Shares of Stock

Loop Industries, Inc. (NASDAQ:LOOP - Get Free Report) Director Jay Howard Stubina bought 50,000 shares of the business's stock in a transaction dated Thursday, January 23rd. The stock was purchased at an average price of $1.20 per share, with a total value of $60,000.00. Following the purchase, the director now directly owns 135,000 shares of the company's stock, valued at $162,000. The trade was a 58.82 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Loop Industries Stock Performance

Shares of Loop Industries stock traded down $0.02 during trading on Monday, hitting $1.18. 73,966 shares of the stock were exchanged, compared to its average volume of 129,912. Loop Industries, Inc. has a 1-year low of $0.96 and a 1-year high of $3.65. The stock has a market capitalization of $56.19 million, a price-to-earnings ratio of -2.11 and a beta of 1.57. The company has a fifty day moving average price of $1.28 and a 200-day moving average price of $1.48. The company has a current ratio of 0.12, a quick ratio of 0.11 and a debt-to-equity ratio of 0.93.

Loop Industries (NASDAQ:LOOP - Get Free Report) last announced its quarterly earnings data on Tuesday, January 14th. The financial services provider reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.02. Loop Industries had a negative return on equity of 350.30% and a negative net margin of 21,561.11%. As a group, equities analysts predict that Loop Industries, Inc. will post -0.47 EPS 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 lifted its stake in shares of Loop Industries, Inc. (NASDAQ:LOOP - Free Report) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 250,962 shares of the financial services provider's stock after buying an additional 10,933 shares during the period. Geode Capital Management LLC owned about 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.

Analysts Set New Price Targets

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.

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