Loop Industries (LOOP) Downgraded by Zacks Investment Research to Sell

Loop Industries stock has undergone multiple analysts rating changes in the recent past.  Loop Industries Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Hold.

Shares of Loop Industries traded down -$0.02 on Monday, reaching $11.45. 0 shares of the stock traded hands, compared to its average volume of 130380. Shares of Loop Industries were trading at $11.45 on Monday. The firm’s 50 day moving average is $10.42 and its 200 day moving average is $9.97.Loop Industries has a 12 month low of $11.38 and a 12 month high of $18.20. While on yearly highs and lows, Loop Industries’s today has traded high as $12.04 and has touched $11.38 on the downward trend. See More Analyst Rating at: RATING

Loop Industries Earnings and What to expect: 

Loop Industries last announced its earnings results on July 15th, 2021. The financial services provider reported ($0.29) earnings per share for the quarter, meeting the consensus estimate of ($0.29). Loop Industries has generated ($0.77) earnings per share over the last year (($1.08) diluted earnings per share). Earnings for Loop Industries are expected to grow in the coming year, from ($0.75) to ($0.41) per share. Loop Industries has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, October 13th, 2021 based off prior year’s report dates.

Earnings for Loop Industries are expected to grow in the coming year, from ($0.75) to ($0.41) per share. The P/E ratio of Loop Industries is -10.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Loop Industries is -10.60, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Loop Industries has a P/B Ratio of 14.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Loop Industries (LOOP) Moving Average Technical Analysis

5 day Moving Average is $11.33 And 5 day price change is $0.38 (3.43%)  with average volume for 5 day average is 92,800. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $11.26 and 20 day price change is $0.17 (1.51%) and average 20 day moving volume is 124,560. 50 day moving average is $10.42  and 50 day price change is $0.97 ( 9.26%)  and with average volume for 50 days is : 110,106. 200 day moving average is $9.97  and 200 day price change is $3.01 (35.66%)  and with average volume for 200 days is : 218,278.

Other owners latest trading in Loop Industries :

  • On 9/17/2021 shares held by Virtu Financial LLC were 41,501 which equates to market value of $0.51M and appx 0.00% owners of Loop Industries
  • On 8/23/2021 shares held by Morgan Stanley were 25,917 which equates to market value of $0.32M and appx 0.00% owners of Loop Industries
  • On 8/17/2021 shares held by Beacon Pointe Advisors LLC were 67,857 which equates to market value of $0.84M and appx 0.00% owners of Loop Industries
  • In total Institutional ownership equates to Institutional Ownership Percentage: 12.27% for Loop Industries

See More Analyst Rating at: RATING