Halma (LON:HLMA) Shares Cross Above 200 Day Moving Average – What’s Next?

Halma plc (LON:HLMA)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,830.99 and traded as high as GBX 4,497. Halma shares last traded at GBX 4,480.31, with a volume of 130,398,578 shares traded.

Analyst Ratings Changes

Separately, Shore Capital Group reaffirmed a “hold” rating on shares of Halma in a report on Monday, April 13th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,737.50.

Halma Stock Performance

The company has a debt-to-equity ratio of 43.44, a quick ratio of 1.51 and a current ratio of 2.18. The company’s 50 day moving average is GBX 4,177.03 and its 200 day moving average is GBX 3,830.99. The firm has a market cap of £17.24 billion, a P/E ratio of 49.91, a P/E/G ratio of 2.93 and a beta of 0.96.

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.