Zacks Investment Research Lowers LOOMIS AB SER'B'NPV (LOIMF) to Sell

LOOMIS AB SER'B'NPV (NASDAQ:LOIMF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Loomis AB provides solutions for the distribution, handling, storage and recycling of cash and other valuables primarily in Europe, the United States and internationally. It serves financial institutions, retailers, other commerce related business and the public sector. The company offers cash in transit and cash management services. It also offers international valuables logistics which includes international transport, management and storage of foreign currencies and precious metals. Loomis AB is headquartered in Stockholm, Sweden. “

Shares of LOOMIS AB SER'B'NPV (NASDAQ:LOIMF) opened at 30.85 on Tuesday. The company has a 50 day moving average price of $28.78 and a 200 day moving average price of $27.81. The firm has a market cap of $2.32 billion and a PE ratio of 16.70. LOOMIS AB SER'B'NPV has a 12-month low of $24.46 and a 12-month high of $30.85.

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