Hour Loop (NASDAQ:HOUR) Trading Down 2.8% – Here’s Why

Shares of Hour Loop, Inc. (NASDAQ:HOURGet Free Report) traded down 2.8% during mid-day trading on Thursday . The company traded as low as $1.70 and last traded at $1.71. 13,829 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 479,905 shares. The stock had previously closed at $1.76.

Hour Loop Stock Performance

The business’s fifty day simple moving average is $1.98 and its 200-day simple moving average is $1.76. The company has a market capitalization of $58.34 million, a P/E ratio of 33.21 and a beta of 1.08.

Hour Loop Company Profile

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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.

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