Halma (OTCMKTS:HLMAF) Reaches New 12-Month High – Time to Buy?

Shares of Halma (OTCMKTS:HLMAF) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $62.81 and last traded at $61.5050, with a volume of 879 shares. The stock had previously closed at $62.07.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut Halma from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Halma Stock Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.18 and a quick ratio of 1.53. The business’s 50-day moving average is $54.98 and its 200 day moving average is $50.61.

About Halma

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.