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

Shares of Halma (OTCMKTS:HLMAF) gapped up before the market opened on Friday . The stock had previously closed at $59.25, but opened at $61.98. Halma shares last traded at $61.85, with a volume of 736 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research downgraded Halma from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Halma has a consensus rating of “Moderate Buy”.

Halma Trading Up 0.6%

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 business has a 50-day simple moving average of $56.34 and a 200-day simple moving average of $51.69.

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.