Loop Industries (NASDAQ:LOOP) PT lowered to $19.00


Loop Industries (NASDAQ:LOOP – Get a Note) saw its price target lowered by analysts Raymond James from $19.50 to $19.00 in a research report released Friday, BayStreet.CA reports. The company currently has an “outperform” rating on shares of the financial services provider. Raymond James’ price target indicates upside potential of 276.98% from the current stock price.

Loop Industries Stock Performance

Shares of LOOP opened at $5.04 on Friday. The stock has a market capitalization of $238.90 million, a P/E ratio of -4.67 and a beta of 1.49. The company has a current ratio of 5.10, a quick ratio of 5.29 and a debt ratio of 0.09. The company’s 50-day moving average is $5.15 and its 200-day moving average is $7.18. Loop Industries has a 12-month low of $3.61 and a 12-month high of $17.94.

Loop Industries Institutional Trading

A number of institutional investors have recently changed their holdings to LOOP. National Bank of Canada FI acquired a new stake in the shares of Loop Industries during the 4th quarter valued at approximately $54,000. Dorsey Wright & Associates acquired a new stake in Loop Industries in Q4 valued at approximately $51,000. Advisor Group Holdings Inc. increased its stake in Loop Industries by 6,058.3% in Q4. Advisor Group Holdings Inc. now owns 22,293 shares of the financial services provider worth $273,000 after buying an additional 21,931 shares last quarter. Northern Trust Corp increased its stake in Loop Industries by 7.1% in the fourth quarter. Northern Trust Corp now owns 46,927 shares of the financial services provider worth $576,000 after buying 3,119 more shares last quarter. Finally, Handelsbanken Fonder AB increased its stake in Loop Industries by 1.8% in the 4th quarter. Handelsbanken Fonder AB now owns 2,548,462 shares of the financial services provider worth $31,270,000 after buying an additional 45,000 shares last quarter. 28.52% of the shares are currently held by hedge funds and other institutional investors.

Loop Industries Company Profile

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Loop Industries, Inc, a technology company, focuses on the depolymerization of polyethylene terephthalate (PET) plastics and polyester fibers into basic building blocks. It has polymerized monomers into virgin-grade PET resins for use in food-grade plastic packaging, such as plastic bottles for water and soft drinks, and containers for food and other consumer products; and polyester fibers, including textiles, garments and garments.

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