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

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

Analyst Upgrades and Downgrades

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

Loomis Price Performance

The company has a fifty day simple moving average of $46.67 and a two-hundred day simple moving average of $44.85. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 17.53 and a beta of -0.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 1.17.

Loomis (OTCMKTS:LOIMF) last released its earnings results on Thursday, May 7th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.12. The company 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%.

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.