Halma (OTCMKTS:HLMAF) Shares Down 5% – Here’s What Happened

Halma (OTCMKTS:HLMAF)’s share price dropped 5% during trading on Friday. The company traded as low as $44.31 and last traded at $44.33. 6,026 shares changed hands during trading, a decline of 16% from the average daily volume of 7,165 shares. The stock had previously closed at $46.6590.

Analysts Set New Price Targets

Several research firms recently commented on HLMAF. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Halma in a research note on Monday, September 21st. Jefferies Financial Group upgraded shares of Halma from a “moderate sell” rating to a “hold” rating in a research report on Thursday, September 10th. Citigroup reiterated a “buy” rating on shares of Halma in a report on Thursday, June 18th. Finally, BNP Paribas Exane raised Halma to an “outperform” rating in a report on Monday, June 15th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Halma currently has an average rating of “Hold”.

Halma Trading Down 3.0%

The company’s 50-day moving average price is $47.91 and its 200 day moving average price is $52.76.

About Halma

Halma plc is a United Kingdom-based technology group that develops products and solutions designed to protect and improve the lives of people. Its businesses focus on safety, health and environmental applications, serving customers across industrial, commercial, healthcare, infrastructure and public-sector markets.

The company’s products include fire and gas detection systems, life-safety equipment, elevator safety components, water and air-quality monitoring technologies, optical and photonic systems, and medical and healthcare devices.