Hour Loop (NASDAQ:HOUR) Releases Quarterly Earnings Results

Hour Loop (NASDAQ:HOURGet Free Report) issued its quarterly earnings data 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 net margin of 1.20% and a return on equity of 24.69%.

Hour Loop Trading Down 2.5%

HOUR stock traded down $0.06 on Tuesday, hitting $2.32. The company’s stock had a trading volume of 43,332 shares, compared to its average volume of 52,816. The firm has a 50 day moving average of $2.00 and a two-hundred day moving average of $1.95. Hour Loop has a 1 year low of $1.18 and a 1 year high of $6.84. The stock has a market cap of $81.62 million, a price-to-earnings ratio of 46.41 and a beta of 1.41.

Analysts Set New Price Targets

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 analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Read Our Latest Report on Hour Loop

Institutional Trading of Hour Loop

An institutional investor recently bought a new position in Hour Loop stock. Two Sigma Investments LP purchased a new stake in Hour Loop, Inc. (NASDAQ:HOURFree Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 54,226 shares of the company’s stock, valued at approximately $159,000. Two Sigma Investments LP owned about 0.15% of Hour Loop at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.31% of the company’s stock.

Hour Loop Company Profile

(Get Free Report)

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.

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Earnings History for Hour Loop (NASDAQ:HOUR)

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