Halma (OTCMKTS:HLMAF) Hits New 52-Week High – Here’s Why

Shares of Halma (OTCMKTS:HLMAF) hit a new 52-week high during trading on Thursday . The stock traded as high as $52.24 and last traded at $51.35, with a volume of 14435 shares changing hands. The stock had previously closed at $50.66.

Analyst Ratings Changes

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

Halma Price Performance

The business’s 50 day moving average is $48.77 and its 200 day moving average is $46.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 2.18.

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.