Halma (OTCMKTS:HLMAF) Shares Gap Up on Analyst Upgrade

Halma (OTCMKTS:HLMAF) gapped up before the market opened on Monday after Zacks Research upgraded the stock from a hold rating to a strong-buy rating. The stock had previously closed at $46.76, but opened at $47.9250. Halma shares last traded at $47.6325, with a volume of 1,492 shares.

A number of other research analysts have also issued reports on HLMAF. UBS Group reissued a “buy” rating on shares of Halma in a report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Halma in a research report on Monday, December 1st. Finally, Barclays restated an “overweight” rating on shares of Halma in a research report on Friday, September 26th. Four equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Halma Trading Up 3.8%

The firm’s fifty day simple moving average is $47.02 and its 200-day simple moving average is $45.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.78.

Halma Company Profile

Halma plc is a United Kingdom–based group of specialist technology companies that develop products and services designed to protect and improve lives. The company focuses on safety, health and environmental markets, bringing together a portfolio of engineering-led businesses that design, manufacture and distribute sensing, detection, monitoring and control technologies. Its offering is aimed at reducing risk, improving safety outcomes and supporting regulatory compliance across a range of industrial, commercial and medical settings.

Halma’s subsidiaries supply a broad array of hardware and software solutions, including sensors and detection systems for fire, gas and hazardous conditions, medical devices and diagnostics, environmental and water-quality monitoring equipment, and related lifecycle services such as calibration, maintenance and technical support.