Halma (OTCMKTS:HLMAF) Shares Down 5.5% – Here’s What Happened

Halma (OTCMKTS:HLMAF)’s share price fell 5.5% during trading on Monday. The company traded as low as $43.13 and last traded at $43.13. Approximately 2,708 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 7,129 shares. The stock had previously closed at $45.65.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HLMAF shares. Jefferies Financial Group upgraded shares of Halma from a “moderate sell” rating to a “hold” rating in a research note on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Halma in a research note on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Halma currently has a consensus rating of “Hold”.

Halma Trading Down 5.5%

The firm has a fifty day simple moving average of $47.47 and a 200-day simple moving average of $52.59.

Halma Company Profile

Halma plc is a United Kingdom-based technology group that develops products and services designed to protect and improve people’s lives. Its businesses focus on life safety, environmental monitoring and analysis, and healthcare technologies.

The company supplies fire and gas detection systems, elevator safety equipment, industrial and personal safety products, and specialist sensing and control technologies. Its environmental businesses provide solutions for monitoring air and water quality, while its healthcare operations develop medical devices and equipment used in areas such as ophthalmology, respiratory care and patient monitoring.

Halma was established in 1894 and has grown through the development and acquisition of specialist technology businesses.