Richelieu Gestion SA raised its holdings in Loop Industries, Inc. (NASDAQ:LOOP – Free Report) by 15.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,722 shares of the financial services provider’s stock after buying an additional 6,059 shares during the quarter. Richelieu Gestion SA owned about 0.10% of Loop Industries worth $173,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in LOOP. Renaissance Technologies LLC acquired a new stake in shares of Loop Industries during the second quarter worth $35,000. Squarepoint Ops LLC purchased a new stake in Loop Industries during the 1st quarter valued at about $35,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Loop Industries in the third quarter valued at about $36,000. Royal Bank of Canada raised its stake in shares of Loop Industries by 44.7% in the first quarter. Royal Bank of Canada now owns 6,945 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 2,145 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Loop Industries by 6,002.0% during the second quarter. UBS Group AG now owns 18,306 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 18,006 shares during the period. Institutional investors and hedge funds own 4.84% of the company’s stock.
Loop Industries Stock Performance
Shares of Loop Industries stock traded down $0.09 during trading on Friday, hitting $2.72. 46,532 shares of the company’s stock were exchanged, compared to its average volume of 19,773. The stock has a market capitalization of $129.28 million, a price-to-earnings ratio of -11.83 and a beta of 1.42. The business has a 50-day simple moving average of $3.16 and a 200-day simple moving average of $3.38. Loop Industries, Inc. has a 52-week low of $1.85 and a 52-week high of $4.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 6.44 and a current ratio of 6.74.
Loop Industries Profile
Loop Industries, Inc, a technology company, focuses on depolymerizing waste polyethylene terephthalate PET plastics and polyester fibers, including plastic bottles, packaging, carpets and textiles of any color, transparency and even ocean plastics that have been degraded by the sun and salt, to its base building blocks.
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