Loomis (OTCMKTS:LOIMF) Trading Up 1.8% – Still a Buy?

Loomis AB (OTCMKTS:LOIMF)’s stock price rose 1.8% on Tuesday . The company traded as high as $47.50 and last traded at $47.50. 460 shares traded hands during trading, an increase of 306,567% from the average session volume of 0 shares. The stock had previously closed at $46.65.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered shares of Loomis to a “neutral” rating in a research report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Loomis Stock Performance

The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 17.53 and a beta of -0.91. The company has a 50-day moving average price of $46.69 and a 200 day moving average price of $44.91. The company has a quick ratio of 1.11, a current ratio of 1.17 and a debt-to-equity ratio of 0.47.

Loomis (OTCMKTS:LOIMF) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.12. The firm had revenue of $788.05 million for the quarter, compared to analyst estimates of $784.64 million. Loomis had a return on equity of 14.10% and a net margin of 5.72%.

About Loomis

Loomis AB (OTCMKTS: LOIMF) is a Swedish security company specializing in cash handling and secure logistics services. Headquartered in Stockholm, the company offers comprehensive solutions for the transportation, processing and management of banknotes, coins and other valuables. Its services are designed to support financial institutions, retailers, wholesalers and public sector organizations in maintaining secure and efficient cash operations.

The company’s core activities include cash-in-transit (CIT) operations, ATM servicing, cash processing at high-security vaults and end-to-end cash management.