Halma (OTCMKTS:HLMAF) Shares Gap Up – Time to Buy?

Halma (OTCMKTS:HLMAF)’s share price gapped up before the market opened on Friday . The stock had previously closed at $59.25, but opened at $61.98. Halma shares last traded at $61.85, with a volume of 736 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Halma from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Halma presently has a consensus rating of “Moderate Buy”.

Halma Price Performance

The business’s 50-day moving average is $56.57 and its 200-day moving average is $51.76. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.53 and a current ratio of 2.18.

Halma Company Profile

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.