Hour Loop (NASDAQ:HOUR) Trading Down 0.5% – Here’s Why

Hour Loop, Inc. (NASDAQ:HOUR)’s stock price was down 0.5% during mid-day trading on Tuesday . The stock traded as low as $1.97 and last traded at $2.01. Approximately 25,761 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 32,177 shares. The stock had previously closed at $2.02.

Wall Street Analyst Weigh In

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

Hour Loop Stock Performance

The company’s fifty day simple moving average is $2.03 and its two-hundred day simple moving average is $2.05. The stock has a market capitalization of $70.18 million, a P/E ratio of 66.52 and a beta of 1.44.

Hour Loop (NASDAQ:HOUR) last posted its earnings results on Wednesday, November 12th. The company reported $0.01 EPS for the quarter. The company had revenue of $33.42 million for the quarter. Hour Loop had a return on equity of 12.96% and a net margin of 0.59%.

Institutional Investors Weigh In On Hour Loop

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

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.