Loop Industries, Inc. is a clean technology company. The Company owns patented technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling its customers to meet their sustainability objectives. Its Loop PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. The Company's Infinite Loop provides an end-to-end industrial solution to supply the global demand for Loop PET resin made from 100% recycled content.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 6200.12% year-on-year.
Growing
The company is in a growing phase, with the latest annual income totaling USD 10.89M.
Fairly Valued
The company’s latest PE is -5.65, at a medium 3-year percentile range.
Institutional Buying
The latest institutional holdings are 29.52M shares, increasing 3.19% quarter-over-quarter.
Held by The Vanguard
Star Investor The Vanguard holds 342.11K shares of this stock.
Lower Market Activity
The company has less investor interest, with a 20-day turnover ratio of -0.68.