Hour Loop (NASDAQ:HOUR) Posts Earnings Results

Hour Loop (NASDAQ:HOUR) announced its quarterly earnings results on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $56.08 million for the quarter. Hour Loop had a net margin of 1.20% and a return on equity of 24.79%.

Hour Loop Trading Down 1.6%

Shares of NASDAQ:HOUR opened at $1.87 on Thursday. The stock has a market capitalization of $65.79 million, a PE ratio of 37.41 and a beta of 1.43. Hour Loop has a 1 year low of $1.10 and a 1 year high of $6.84. The firm has a fifty day moving average price of $1.87 and a 200 day moving average price of $2.16.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Hour Loop in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Hour Loop

A hedge fund recently bought a new stake in Hour Loop stock. Virtu Financial LLC bought a new position in Hour Loop, Inc. (NASDAQ:HOUR) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,380 shares of the company’s stock, valued at approximately $26,000. 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.