Loop Industries, Inc. (LOOP) Stock
Loop Industries Inc., a technology firm, specializes in chemically recycling discarded polyethylene terephthalate (PET) plastics and polyester textiles, breaking them down into their fundamental molecular components. From these constituent monomers, the company then synthesizes pristine, "virgin-quality" PET resins.
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About Loop Industries, Inc.
Loop Industries Inc., a technology firm, specializes in chemically recycling discarded polyethylene terephthalate (PET) plastics and polyester textiles, breaking them down into their fundamental molecular components. From these constituent monomers, the company then synthesizes pristine, "virgin-quality" PET resins. These resins are suitable for manufacturing food-safe plastic packaging, including beverage bottles for water and soft drinks, as well as containers for various food items and consumer goods. Additionally, it produces polyester fibers utilized in textiles, clothing, and other apparel. Established in 2010, Loop Industries Inc. operates from its headquarters in Terrebonne, Canada.
Loop Industries, Inc. is led by CEO Daniel Solomita, employs 50 people, headquartered in CA, publicly traded since 2017.
Loop Industries, Inc. (LOOP) stock trades at $0.78 with a market capitalization of $37.74M. The stock is valued at a price-to-earnings (P/E) ratio of -3.33, price-to-book of -3.24, price-to-sales of 63.05. Over the past 52 weeks the stock has ranged between $0.71 and $2.11, and currently trades 63.0% below its 52-week high.
On profitability, Loop Industries, Inc. generates a return on equity (ROE) of 121.92% — well above the market average, a sign of a high-quality business, return on capital employed of -277.51%, an operating margin of -54.55%, a net profit margin of -24.34%.
Official website: www.loopindustries.com