LoopNet Reaches New 52-Week High (LOOP)

NEW YORK ( TheStreet) -- LoopNet (Nasdaq: LOOP) hit a new 52-week high Wednesday as it is currently trading at $19.07, above its previous 52-week high of $18.95 with 425,420 shares traded as of 9:35 a.m. ET. Average volume has been 300,300 shares over the past 30 days.

LoopNet has a market cap of $651.7 million and is part of the financial sector and real estate industry. Shares are up 1.1% year to date as of the close of trading on Tuesday.

LoopNet, Inc. owns and operates an online marketplace for commercial real estate in the United States. The company has a P/E ratio of 462, below the average real estate industry P/E ratio of 462.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates LoopNet as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full LoopNet Ratings Report.

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