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

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) remained flat at $37.70 during trading on Thursday. The firm’s 50-day moving average is $37.70 and its 200-day moving average is $35.15. The company has a market capitalization of $2.84 billion and a P/E ratio of 17.05. LOOMIS AB SER'B'NPV has a 52-week low of $25.36 and a 52-week high of $37.70.

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