Halma (OTCMKTS:HLMAF) Shares Gap Up – Here’s Why

Shares of Halma (OTCMKTS:HLMAF) gapped up before the market opened on Tuesday . The stock had previously closed at $47.81, but opened at $50.66. Halma shares last traded at $50.82, with a volume of 486 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Zacks Research cut Halma from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Halma in a report on Monday, December 1st. Two 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Halma Trading Up 0.8%

The stock has a fifty day moving average of $51.48 and a two-hundred day moving average of $48.49. 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.