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Close the Loop Ltd. ( (AU:CLG) ) just unveiled an announcement.
Close the Loop Ltd. has announced a strong financial position with cash on hand exceeding A$30 million and bank debt of US$38 million as of June 30, 2025. The company is enhancing its operations with the appointment of Matthew Zimmer as CEO for North American refurbishment and ITAD operations. The firm is ramping up its Mexico facility to focus on inkjet printers and ITAD services, which is expected to boost revenue in FY26. The company has secured new opportunities in Asia and the UK, positioning itself for continued growth over the next 12-24 months.
The most recent analyst rating on (AU:CLG) stock is a Hold with a A$0.27 price target. To see the full list of analyst forecasts on Close the Loop Ltd. stock, see the AU:CLG Stock Forecast page.
More about Close the Loop Ltd.
Close the Loop Ltd. is a global leader in the circular economy with operations in the United States, Australia, South Africa, and Europe. The company focuses on collecting and refurbishing products such as laptops, printers, teleconferencing equipment, and gaming devices, alongside providing sustainable packaging solutions. Their mission is ‘Zero Waste to Landfill,’ emphasizing sustainability and global expansion.
Average Trading Volume: 1,217,632
Technical Sentiment Signal: Sell
Current Market Cap: A$12.23M
For detailed information about CLG stock, go to TipRanks’ Stock Analysis page.