Loomis (OTCMKTS:LOIMF) Sets New 12-Month High - Here's Why

Key Points

• Loomis AB stock reached a new 52-week high of $43.34, marking a significant increase of 7.5% from its previous close of $40.32.
• The company has a market capitalization of $3.11 billion and a P/E ratio of 17.69, indicating strong financial metrics.
• Loomis provides comprehensive solutions for cash distribution, including cash management services, ATM operations, and Loomis Pay, which supports various payment methods.

Shares of Loomis AB (OTCMKTS:LOIMF - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $43.34 and last traded at $43.34, with a volume of 233 shares changing hands. The stock had previously closed at $40.32.

Loomis Stock Up 0.7%

The company has a current ratio of 1.04, a quick ratio of 1.17 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $39.67 and a two-hundred day simple moving average of $38.57.

About Loomis

Loomis AB (publ) provides solutions for the distribution, payments, handling, storage, and recycling of cash and other valuables. The company offers a range of solutions for cash in transit, cash management services, foreign exchange services, automated teller machines, automated solutions, and international valuables logistics, as well as operates Loomis Pay, a payment service that enables processing of various types of payment methods, such as card, cash, and digital alternatives.