Halma (OTCMKTS:HLMAF) Sees Large Volume Increase – Should You Buy?

Halma (OTCMKTS:HLMAF) shares saw unusually-strong trading volume on Friday . Approximately 2,200 shares changed hands during mid-day trading, a decline of 37% from the previous session’s volume of 3,512 shares.The stock last traded at $52.24 and had previously closed at $53.63.

Analysts Set New Price Targets

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

Halma Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 2.18. The company has a 50 day simple moving average of $49.23 and a 200-day simple moving average of $46.98.

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.