Halma (OTCMKTS:HLMAF) Hits New 12-Month High – Time to Buy?

Halma (OTCMKTS:HLMAF) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $54.63 and last traded at $54.52, with a volume of 5298 shares changing hands. The stock had previously closed at $52.17.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HLMAF. Zacks Research lowered shares of Halma from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Halma in a report on Monday, December 1st. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Halma has a consensus rating of “Moderate Buy”.

Halma Trading Up 4.5%

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 business’s 50 day simple moving average is $49.49 and its 200 day simple moving average is $47.15.

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.