Halma (LON:HLMA) Share Price Passes Above 200 Day Moving Average – Here’s Why

Halma plc (LON:HLMA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,497.87 ($31.48) and traded as high as GBX 2,567.78 ($32.36). Halma shares last traded at GBX 2,504 ($31.56), with a volume of 557,083 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “hold” rating on shares of Halma in a research note on Thursday, September 26th.

Halma Trading Down 2.1 %

The company has a market cap of £9.44 billion, a P/E ratio of 3,526.76, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The company has a quick ratio of 1.51, a current ratio of 2.45 and a debt-to-equity ratio of 45.83. The firm’s 50-day moving average price is GBX 2,539.07 and its 200-day moving average price is GBX 2,497.87.

Halma Company Profile

Halma plc, together its subsidiaries, provides technology solutions in the safety, health, and environmental markets in the United States, Mainland Europe, the United Kingdom, the Asia Pacific, Africa, the Middle East, and internationally. It operates through three segments: Safety, Environmental & Analysis, and Healthcare.