Hour Loop (NASDAQ:HOUR – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share for the quarter, FiscalAI reports. The company had revenue of $33.42 million for the quarter. Hour Loop had a net margin of 0.56% and a return on equity of 12.49%.
Hour Loop Stock Down 1.8%
HOUR traded down $0.04 on Wednesday, hitting $1.90. 29,125 shares of the company traded hands, compared to its average volume of 1,495,238. The company has a 50 day moving average of $2.63 and a 200-day moving average of $1.89. Hour Loop has a 12-month low of $1.10 and a 12-month high of $6.90. The stock has a market capitalization of $66.65 million, a PE ratio of 63.19 and a beta of 1.44.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Hour Loop in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.
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.
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