Hour Loop (NASDAQ:HOUR) Stock Price Down 2.3% – Here’s What Happened

Hour Loop, Inc. (NASDAQ:HOUR) fell 2.3% on Thursday . The company traded as low as $2.02 and last traded at $2.08. 25,629 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 58,702 shares. The stock had previously closed at $2.13.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of Hour Loop in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Hour Loop Stock Down 2.3%

The firm has a market capitalization of $73.15 million, a price-to-earnings ratio of 69.36 and a beta of 1.49. The firm’s 50 day moving average is $2.56 and its 200 day moving average is $1.85.

Hour Loop (NASDAQ:HOUR) last released its earnings results on Tuesday, August 12th. The company reported $0.04 EPS for the quarter. Hour Loop had a net margin of 0.56% and a return on equity of 12.49%. The business had revenue of $27.10 million during the quarter.

Hour Loop Company Profile

Hour Loop, Inc, an online retailer, engages in e-commerce retailing in the United States. The company sells products in various categories, including home/garden décor, toys, kitchenware, apparels, and electronics products. It sells its products through hourloop.com, as well as third-party marketplaces.