Halma (LON:HLMA) Stock Price Down 15.4% – Here’s What Happened

Halma plc (LON:HLMA)’s share price dropped 15.4% during trading on Thursday . The company traded as low as GBX 3,820 and last traded at GBX 3,928. Approximately 5,186,077 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 12,167,623 shares. The stock had previously closed at GBX 4,642.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Shore Capital Group reaffirmed a “hold” rating on shares of Halma in a research note on Monday, April 13th. UBS Group reaffirmed a “buy” rating and set a £47,750 price target on shares of Halma in a research note on Friday, June 5th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of £5,338.78.

Halma Trading Down 15.4%

The stock has a market cap of £14.84 billion, a PE ratio of 42.95, a PEG ratio of 2.93 and a beta of 0.97. The business has a 50-day moving average of GBX 4,427.66 and a 200 day moving average of GBX 3,954.36. The company has a debt-to-equity ratio of 43.44, a quick ratio of 1.51 and a current ratio of 2.18.

Halma (LON:HLMA) last posted its quarterly earnings data on Thursday, June 11th. The company reported GBX 114.05 EPS for the quarter. The firm had revenue of GBX 258.23 billion during the quarter. Halma had a return on equity of 13.73% and a net margin of 14.63%. Equities research analysts predict that Halma plc will post 90.5626134 EPS for the current fiscal year.

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.