Key Points
- Director Jeffrey Richart Geygan bought 30,800 Loop Industries shares at an average of $0.73, investing $22,484 and increasing his ownership by 0.93% to 3.33 million shares. He also made four other purchases in late July and August.
- Loop Industries’ stock opened at $0.65 and remains near its one-year low of $0.62, with a market capitalization of approximately $31.2 million. The company recently reported a quarterly loss of $0.07 per share and revenue of $0.18 million, both worse than analyst expectations.
- Analyst sentiment is negative: Zacks Research downgraded the stock to “strong sell,” and Loop Industries currently has a consensus “Sell” rating. Institutional investors own approximately 4.89% of the company.
Loop Industries, Inc. (NASDAQ:LOOP - Get Free Report) Director Jeffrey Richart Geygan acquired 22,100 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The stock was bought at an average price of $0.64 per share, for a total transaction of $14,144.00. Following the completion of the transaction, the director owned 3,354,004 shares of the company's stock, valued at $2,146,562.56. The trade was a 0.66% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Jeffrey Richart Geygan also recently made the following trade(s):
- On Wednesday, August 19th, Jeffrey Richart Geygan acquired 1,090 shares of Loop Industries stock. The shares were bought at an average price of $0.64 per share, for a total transaction of $697.60.
- On Friday, July 31st, Jeffrey Richart Geygan purchased 30,800 shares of Loop Industries stock. The shares were purchased at an average price of $0.73 per share, for a total transaction of $22,484.00.
- On Thursday, July 30th, Jeffrey Richart Geygan bought 62,895 shares of Loop Industries stock. The stock was purchased at an average price of $0.75 per share, with a total value of $47,171.25.
- On Wednesday, July 29th, Jeffrey Richart Geygan acquired 6,610 shares of Loop Industries stock. The stock was acquired at an average cost of $0.73 per share, with a total value of $4,825.30.
Loop Industries Trading Up 4.0%
LOOP opened at $0.65 on Friday. The business's 50-day moving average price is $0.78 and its 200-day moving average price is $1.14. Loop Industries, Inc. has a 12 month low of $0.62 and a 12 month high of $2.11. The company has a market cap of $31.21 million, a P/E ratio of -2.48 and a beta of 1.48.
Loop Industries (NASDAQ:LOOP - Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The financial services provider reported ($0.07) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.02). The company had revenue of $0.18 million for the quarter, compared to the consensus estimate of $0.54 million. Equities research analysts forecast that Loop Industries, Inc. will post -0.22 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Zacks Research cut shares of Loop Industries from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Loop Industries presently has a consensus rating of "Sell".
Read Our Latest Stock Analysis on LOOP
Institutional Trading of Loop Industries
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in Loop Industries during the 4th quarter valued at approximately $32,000. 4WEALTH Advisors Inc. purchased a new stake in shares of Loop Industries in the first quarter worth $38,000. Jane Street Group LLC bought a new position in shares of Loop Industries during the second quarter valued at $39,000. Susquehanna International Group LLP purchased a new position in shares of Loop Industries in the 3rd quarter worth about $49,000. Finally, CacheTech Inc. grew its position in Loop Industries by 38.8% during the 1st quarter. CacheTech Inc. now owns 36,870 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 10,310 shares during the last quarter. Hedge funds and other institutional investors own 4.89% of the company's stock.
Loop Industries Company Profile
(
Get Free Report)
Loop Industries (NASDAQ:LOOP) is a technology innovator in the sustainable plastics sector. The company has developed a proprietary depolymerization process that breaks down end-of-life polyethylene terephthalate (PET) plastic and polyester fiber into their base molecules. These purified monomers are then repolymerized into virgin-quality PET resin suitable for new packaging applications, creating a closed-loop recycling solution that addresses global plastic waste challenges.
With its headquarters in Terrebonne, Quebec, Loop Industries operates pilot and demonstration facilities to validate and refine its technology.
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