Loop Industries Inc (NASDAQ:LOOP) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $8.00 and last traded at $8.10, with a volume of 200 shares. The stock had previously closed at $8.48.
Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Loop Industries during the 1st quarter worth approximately $328,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Loop Industries by 74.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,364 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 14,211 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Loop Industries during the 2nd quarter worth approximately $390,000. Millennium Management LLC increased its holdings in shares of Loop Industries by 1,670.0% during the 1st quarter. Millennium Management LLC now owns 220,987 shares of the financial services provider’s stock worth $3,204,000 after acquiring an additional 208,502 shares during the last quarter. Finally, Creative Planning acquired a new position in shares of Loop Industries during the 2nd quarter worth approximately $4,414,000. 2.71% of the stock is currently owned by institutional investors and hedge funds.
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Loop Industries, Inc focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It re-polymerized monomers into virgin-quality PET plastic for use in food-grade plastic packaging, such as water and soda bottles, as well as polyester fibers for textile applications.
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