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

Shares of Halma (OTCMKTS:HLMAF) gapped up before the market opened on Wednesday . The stock had previously closed at $48.38, but opened at $51.56. Halma shares last traded at $52.4030, with a volume of 974 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Halma from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Halma Stock 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 firm has a 50 day moving average of $51.50 and a 200-day moving average of $48.63.

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.