Hour Loop (NASDAQ:HOUR) Stock Price Up 0.5% – Here’s Why

Hour Loop, Inc. (NASDAQ:HOUR) rose 0.5% during mid-day trading on Tuesday . The stock traded as high as $1.9079 and last traded at $1.9001. Approximately 1,947 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 7,568 shares. The stock had previously closed at $1.89.

Analyst Ratings Changes

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

Hour Loop Trading Up 0.5%

The company has a fifty day simple moving average of $1.87 and a 200-day simple moving average of $2.16. The stock has a market cap of $66.85 million, a price-to-earnings ratio of 63.36 and a beta of 1.43.

Hour Loop (NASDAQ:HOUR) last posted its quarterly earnings data on Tuesday, March 24th. The company reported ($0.02) EPS for the quarter. Hour Loop had a net margin of 0.59% and a return on equity of 12.96%. The firm had revenue of $56.08 million for the quarter.

Hedge Funds Weigh In On Hour Loop

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