Halma (OTCMKTS:HLMAF) Trading 6.2% Higher – Here’s What Happened

Halma (OTCMKTS:HLMAF) shot up 6.2% during trading on Thursday . The stock traded as high as $53.56 and last traded at $53.56. 773 shares were traded during mid-day trading, a decline of 81% from the average session volume of 4,116 shares. The stock had previously closed at $50.44.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Zacks Research cut shares of Halma from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Halma in a research note on Monday, December 1st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Halma has a consensus rating of “Moderate Buy”.

Halma Price Performance

The firm’s 50-day moving average is $51.24 and its 200-day moving average is $48.10. The company has a current ratio of 2.18, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34.

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.