Hour Loop (NASDAQ:HOUR) Releases Quarterly Earnings Results, Hits Estimates

Hour Loop (NASDAQ:HOUR) issued its earnings results on Tuesday. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03, FiscalAI reports. The firm had revenue of $33.94 million during the quarter, compared to analyst estimates 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

HOUR stock traded up $0.01 during trading on Tuesday, hitting $1.94. 7,289 shares of the company’s stock traded hands, compared to its average volume of 53,450. Hour Loop has a 52 week low of $1.24 and a 52 week high of $6.84. The business has a fifty day simple moving average of $1.90 and a 200 day simple moving average of $1.94. The stock has a market capitalization of $68.27 million, a price-to-earnings ratio of 38.81 and a beta of 1.38.

Institutional Trading of Hour Loop

A hedge fund recently bought a new position in Hour Loop stock. Virtu Financial LLC bought a new stake in shares of Hour Loop, Inc. (NASDAQ:HOUR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,380 shares of the company’s stock, valued at approximately $26,000. 0.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

About Hour Loop

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.