Halma (LON:HLMA) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of Halma plc (LON:HLMA) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 3,791.43 and traded as high as GBX 4,572. Halma shares last traded at GBX 4,544, with a volume of 2,413,740 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Shore Capital Group reissued a “hold” rating on shares of Halma in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft raised their price target on Halma from GBX 3,800 to GBX 3,980 and gave the stock a “hold” rating in a research note on Friday, January 16th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 3,737.50.

Halma Stock Down 4.1%

The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 43.44. The stock has a market cap of £17.01 billion, a P/E ratio of 49.24, a P/E/G ratio of 2.93 and a beta of 0.96. The company’s 50 day moving average price is GBX 4,131.34 and its two-hundred day moving average price is GBX 3,804.21.

About Halma

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:

– Safety – Protecting people’s safety and the environment as populations grow, and enhancing worker safety.
– Environment – Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
– Health – Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.

Halma employs over 9,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.