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

Loop Industries, Inc. (NASDAQ:LOOP) Director Spencer Hart purchased 21,245 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was acquired at an average price of $1.21 per share, with a total value of $25,706.45. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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

Loop Industries Trading Up 9.7 %

NASDAQ:LOOP opened at $1.36 on Friday. The firm’s fifty day moving average is $1.20 and its 200-day moving average is $1.39. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.11 and a current ratio of 0.12. Loop Industries, Inc. has a 52 week low of $0.96 and a 52 week high of $3.45. The firm has a market cap of $64.76 million, a P/E ratio of -2.43 and a beta of 1.57.

Loop Industries (NASDAQ:LOOP) last posted its quarterly earnings data on Tuesday, January 14th. The financial services provider reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. Loop Industries had a negative net margin of 21,561.11% and a negative return on equity of 350.30%. Equities analysts expect that Loop Industries, Inc. will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On Loop Industries

Institutional investors have recently modified their holdings of the company. Balboa Wealth Partners boosted its stake in Loop Industries by 24.3% during the third 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 in the last quarter. Geode Capital Management LLC boosted its stake in Loop Industries by 4.6% during the third quarter. Geode Capital Management LLC now owns 250,962 shares of the financial services provider’s stock worth $462,000 after acquiring an additional 10,933 shares in the last quarter. Virtu Financial LLC bought a new position in Loop Industries during the fourth quarter worth $33,000. CacheTech Inc. bought a new position in Loop Industries during the fourth quarter worth $30,000. Finally, 4WEALTH Advisors Inc. bought a new position in Loop Industries during the fourth quarter worth $60,000. 4.89% of the stock is owned by institutional investors.

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.