Loop Industries (NASDAQ:LOOP) Director Jeffrey Richart Geygan Purchases 62,895 Shares of Stock

Loop Industries, Inc. (NASDAQ:LOOP) Director Jeffrey Richart Geygan bought 62,895 shares of Loop Industries stock in a transaction on Thursday, July 30th. The stock was acquired at an average cost of $0.75 per share, for a total transaction of $47,171.25. Following the acquisition, the director owned 3,301,474 shares in the company, valued at approximately $2,476,105.50. This represents a 1.94% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeffrey Richart Geygan also recently made the following trade(s):

• On Wednesday, July 29th, Jeffrey Richart Geygan purchased 6,610 shares of Loop Industries stock. The stock was acquired at an average price of $0.73 per share, for a total transaction of $4,825.30.

Loop Industries Stock Performance

Shares of LOOP opened at $0.73 on Friday. Loop Industries, Inc. has a 52-week low of $0.71 and a 52-week high of $2.11. The firm has a market cap of $35.30 million, a price-to-earnings ratio of -2.81 and a beta of 1.45. The business’s fifty day moving average is $0.94 and its 200-day moving average is $1.18.

Loop Industries (NASDAQ:LOOP) last announced its quarterly earnings data on Tuesday, July 14th. The financial services provider reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The company had revenue of $0.18 million during the quarter, compared to analyst estimates of $0.54 million. As a group, research analysts forecast that Loop Industries, Inc. will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in Loop Industries during the 4th quarter worth about $32,000. 4WEALTH Advisors Inc. acquired a new stake in shares of Loop Industries in the first quarter valued at about $38,000. Jane Street Group LLC acquired a new stake in shares of Loop Industries in the second quarter valued at about $39,000. Susquehanna International Group LLP acquired a new stake in shares of Loop Industries in the third quarter valued at about $49,000. Finally, CacheTech Inc. raised its position in shares of Loop Industries by 38.8% during the first quarter. CacheTech Inc. now owns 36,870 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 10,310 shares during the last quarter. 4.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Loop Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Loop Industries Company Profile

Loop Industries (NASDAQ:LOOP) is a technology innovator in the sustainable plastics sector. The company has developed a proprietary depolymerization process that breaks down end-of-life polyethylene terephthalate (PET) plastic and polyester fiber into their base molecules. These purified monomers are then repolymerized into virgin-quality PET resin suitable for new packaging applications, creating a closed-loop recycling solution that addresses global plastic waste challenges.

With its headquarters in Terrebonne, Quebec, Loop Industries operates pilot and demonstration facilities to validate and refine its technology.