Hour Loop (NASDAQ:HOUR) Shares Up 0.5% – Still a Buy?

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

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Hour Loop in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Hour Loop Price Performance

The stock’s 50-day moving average price is $1.87 and its 200 day moving average price is $2.16. The firm has a market cap of $64.38 million, a P/E ratio of 36.61 and a beta of 1.43.

Hour Loop (NASDAQ:HOUR) last released its earnings results on Tuesday, March 24th. The company reported ($0.02) earnings per share (EPS) for the quarter. Hour Loop had a return on equity of 24.79% and a net margin of 1.20%.The company had revenue of $56.08 million for the quarter.

Institutional Trading of Hour Loop

An institutional investor recently bought a new position in Hour Loop stock. Two Sigma Investments LP bought a new stake in Hour Loop, Inc. (NASDAQ:HOUR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,226 shares of the company’s stock, valued at approximately $159,000. Two Sigma Investments LP owned 0.15% of Hour Loop as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 0.31% of the company’s stock.

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.