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

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut Loomis to a “neutral” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Loomis presently has a consensus rating of “Hold”.

Loomis Stock Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.17 and a quick ratio of 1.11. The stock has a market cap of $3.18 billion, a P/E ratio of 17.53 and a beta of -0.91. The stock has a 50-day simple moving average of $46.67 and a 200-day simple moving average of $44.85.

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

Loomis Company Profile

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.