Hour Loop (NASDAQ:HOUR) Posts Quarterly Earnings Results

Hour Loop (NASDAQ:HOUR) posted its quarterly earnings data on Tuesday. The company reported $0.02 earnings per share for the quarter, FiscalAI reports. Hour Loop had a return on equity of 24.69% and a net margin of 1.20%.The firm had revenue of $29.93 million during the quarter.

Hour Loop Price Performance

Shares of Hour Loop stock opened at $2.32 on Wednesday. Hour Loop has a one year low of $1.18 and a one year high of $6.84. The firm has a market capitalization of $81.63 million, a price-to-earnings ratio of 46.41 and a beta of 1.41. The business has a 50-day simple moving average of $2.01 and a 200 day simple moving average of $1.96.

Institutional Trading of Hour Loop

An institutional investor recently bought a new position in Hour Loop stock. Two Sigma Investments LP acquired a new position in shares of Hour Loop, Inc. (NASDAQ:HOUR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 54,226 shares of the company’s stock, valued at approximately $159,000. Two Sigma Investments LP owned approximately 0.15% of Hour Loop as of its most recent filing with the Securities and Exchange Commission. 0.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Hour Loop from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Hour Loop currently has a consensus rating of “Hold”.

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. Hour Loop, Inc was founded in 2013 and is headquartered in Redmond, Washington.