Hour Loop (NASDAQ:HOUR) Issues Earnings Results

Hour Loop (NASDAQ:HOUR) released its quarterly earnings results on Tuesday. The company reported $0.02 earnings per share for the quarter, FiscalAI reports. The business had revenue of $29.93 million during the quarter. Hour Loop had a return on equity of 25.76% and a net margin of 1.28%.

Hour Loop Stock Down 2.5%

Hour Loop stock traded down $0.06 during mid-day trading on Thursday, reaching $2.14. 25,205 shares of the company’s stock were exchanged, compared to its average volume of 52,740. The company has a fifty day moving average of $2.01 and a 200-day moving average of $1.96. The company has a market cap of $75.11 million, a P/E ratio of 42.69 and a beta of 1.41. Hour Loop has a twelve month low of $1.18 and a twelve month high of $6.84.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Hour Loop from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Hour Loop currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hour Loop stock. Two Sigma Investments LP purchased a new position 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 and Exchange Commission. The institutional investor purchased 54,226 shares of the company’s stock, valued at approximately $159,000. Two Sigma Investments LP owned 0.15% of Hour Loop at the end of the most recent reporting period. 0.31% of the stock is owned by institutional investors and hedge funds.

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. Hour Loop, Inc was founded in 2013 and is headquartered in Redmond, Washington.