Spencer Hart Acquires 21,245 Shares of Loop Industries, Inc. (NASDAQ:LOOP) Stock

Loop Industries, Inc. (NASDAQ:LOOP - Get Free Report) Director Spencer Hart bought 21,245 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average price of $1.21 per share, for a total transaction of $25,706.45. Following the completion of the acquisition, the director now owns 52,015 shares in the company, valued at approximately $62,938.15. This trade represents a 69.04 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Spencer Hart also recently made the following trade(s):

• On Thursday, February 20th, Spencer Hart bought 55,000 shares of Loop Industries stock. The stock was purchased at an average price of $1.29 per share, with a total value of $70,950.00.

Loop Industries Stock Performance

Shares of LOOP traded up $0.12 during mid-day trading on Friday, hitting $1.36. The stock had a trading volume of 179,902 shares, compared to its average volume of 62,691. The company has a market cap of $64.76 million, a PE ratio of -2.43 and a beta of 1.57. The company's fifty day simple moving average is $1.20 and its two-hundred day simple moving average is $1.39. The company has a quick ratio of 0.11, a current ratio of 0.12 and a debt-to-equity ratio of 0.93. Loop Industries, Inc. has a fifty-two week low of $0.96 and a fifty-two week high of $3.45.

Loop Industries (NASDAQ:LOOP - Get Free Report) last released its quarterly earnings data on Tuesday, January 14th. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. On average, equities analysts expect that Loop Industries, Inc. will post -0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CacheTech Inc. acquired a new position in Loop Industries during the 4th quarter valued at approximately $30,000. Virtu Financial LLC acquired a new position in Loop Industries during the 4th quarter worth $33,000. Millennium Management LLC acquired a new position in Loop Industries during the 4th quarter worth $41,000. 4WEALTH Advisors Inc. acquired a new position in Loop Industries during the 4th quarter worth $60,000. Finally, Balboa Wealth Partners boosted its position in Loop Industries by 24.3% during the 3rd quarter. Balboa Wealth Partners now owns 50,575 shares of the financial services provider's stock worth $93,000 after acquiring an additional 9,880 shares during the period. Institutional investors and hedge funds own 4.89% of the company's stock.

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.