Hour Loop (NASDAQ:HOUR) Trading 2.4% Higher – Here’s What Happened

Hour Loop, Inc. (NASDAQ:HOUR)’s stock price was up 2.4% during mid-day trading on Friday . The stock traded as high as $1.89 and last traded at $1.86. Approximately 65,696 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 106,844 shares. The stock had previously closed at $1.8170.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Hour Loop in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Hour Loop Stock Performance

The firm has a market cap of $65.43 million, a PE ratio of 62.02 and a beta of 1.44. The stock has a 50 day simple moving average of $2.42 and a two-hundred day simple moving average of $1.93.

Hour Loop (NASDAQ:HOUR) last posted its earnings results on Wednesday, November 12th. The company reported $0.01 EPS for the quarter. The firm had revenue of $33.42 million for the quarter. Hour Loop had a return on equity of 12.96% and a net margin of 0.59%.

Institutional Trading of Hour Loop

A hedge fund recently bought a new stake in Hour Loop stock. Two Sigma Investments LP purchased a new stake in shares of Hour Loop, Inc. (NASDAQ:HOUR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 54,226 shares of the company’s stock, valued at approximately $159,000. Two Sigma Investments LP owned 0.15% of Hour Loop as of its most recent filing with the Securities & Exchange Commission. 0.31% of the stock is owned by institutional investors and hedge funds.

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.