Halma (OTCMKTS:HLMAF) Shares Gap Down – Time to Sell?

Halma (OTCMKTS:HLMAF) gapped down before the market opened on Monday . The stock had previously closed at $49.5050, but opened at $46.6120. Halma shares last traded at $47.8870, with a volume of 1,435 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HLMAF. BNP Paribas Exane raised shares of Halma to an “outperform” rating in a research report on Monday, June 15th. Citigroup reissued a “buy” rating on shares of Halma in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Halma Stock Up 1.8%

The firm has a 50 day simple moving average of $57.50 and a 200-day simple moving average of $54.03.

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.