Halma (OTCMKTS:HLMAF) Hits New 52-Week High – Should You Buy?

Halma (OTCMKTS:HLMAF)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $48.00 and last traded at $48.00, with a volume of 2457 shares. The stock had previously closed at $46.75.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group reaffirmed an “underperform” rating on shares of Halma in a report on Thursday, June 12th. Barclays reissued an “overweight” rating on shares of Halma in a research note on Friday, September 26th. Kepler Capital Markets upgraded Halma to a “strong-buy” rating in a report on Thursday, June 19th. Zacks Research downgraded shares of Halma from a “strong-buy” rating to a “hold” rating in a report on Monday, August 18th. Finally, UBS Group restated a “buy” rating on shares of Halma in a research note on Thursday, September 25th. Four research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Halma has a consensus rating of “Moderate Buy”.

Halma Stock Up 2.7%

The company’s 50 day moving average price is $44.61 and its 200 day moving average price is $40.97. The company has a quick ratio of 1.78, a current ratio of 2.44 and a debt-to-equity ratio of 0.37.

About Halma

Halma plc, together its subsidiaries, provides technology solutions in the safety, health, and environmental markets in the United States, Mainland Europe, the United Kingdom, the Asia Pacific, Africa, the Middle East, and internationally. It operates through three segments: Safety, Environmental & Analysis, and Medical.