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

Shares of Halma (OTCMKTS:HLMAF) gapped down prior to trading on Wednesday . The stock had previously closed at $52.14, but opened at $49.56. Halma shares last traded at $53.50, with a volume of 2,682 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HLMAF shares. Zacks Research downgraded shares of Halma from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Halma in a research report on Monday, December 1st. Two 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, the stock has a consensus rating of “Moderate Buy”.

Halma Stock Up 0.2%

The firm’s 50-day simple moving average is $50.99 and its 200 day simple moving average is $47.97. The company has a quick ratio of 1.53, a current ratio of 2.18 and a debt-to-equity ratio of 0.34.

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.