Hour Loop (NASDAQ:HOUR) Issues Earnings Results

Hour Loop (NASDAQ:HOUR) issued its quarterly earnings results on Tuesday. The company reported $0.03 earnings per share for the quarter, meeting the consensus estimate of $0.03, FiscalAI reports. The business had revenue of $33.94 million for the quarter, compared to the consensus estimate of $29.66 million. Hour Loop had a net margin of 1.28% and a return on equity of 25.29%.

Hour Loop Stock Performance

Shares of Hour Loop stock traded up $0.01 during trading hours on Tuesday, hitting $1.94. The company’s stock had a trading volume of 7,289 shares, compared to its average volume of 53,450. The company has a market cap of $68.27 million, a PE ratio of 38.81 and a beta of 1.38. The business has a 50 day moving average price of $1.90 and a two-hundred day moving average price of $1.94. Hour Loop has a 12-month low of $1.24 and a 12-month high of $6.84.

Institutional Trading of Hour Loop

An institutional investor recently bought a new stake in Hour Loop stock. Two Sigma Investments LP purchased a new position in Hour Loop, Inc. (NASDAQ:HOUR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 54,226 shares of the company’s stock, valued at approximately $159,000. Two Sigma Investments LP owned approximately 0.15% of Hour Loop at the end of the most recent quarter. Institutional investors own 0.31% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Hour Loop from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.