Hour Loop (NASDAQ:HOUR) Announces Earnings Results, Meets Estimates

Hour Loop (NASDAQ:HOUR) posted its quarterly earnings data on Tuesday. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03, FiscalAI reports. Hour Loop had a net margin of 1.14% and a return on equity of 23.34%. The business had revenue of $33.94 million for the quarter, compared to analyst estimates of $29.66 million.

Hour Loop Stock Down 2.6%

Shares of HOUR opened at $1.89 on Thursday. The company has a 50 day moving average of $1.91 and a two-hundred day moving average of $1.94. The company has a market cap of $66.47 million, a price-to-earnings ratio of 47.23 and a beta of 1.38. Hour Loop has a twelve month low of $1.24 and a twelve month high of $6.84.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Hour Loop from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Hour Loop has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hour Loop stock. Two Sigma Investments LP bought a new stake in Hour Loop, Inc. (NASDAQ:HOUR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 54,226 shares of the company’s stock, valued at approximately $159,000. Two Sigma Investments LP owned about 0.15% of Hour Loop at the end of the most recent reporting period. Institutional investors own 0.31% of the company’s stock.

About Hour Loop

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.