Halma (OTCMKTS:HLMAF) Shares Gap Up – Should You Buy?

Shares of Halma (OTCMKTS:HLMAF) gapped up before the market opened on Monday . The stock had previously closed at $47.24, but opened at $49.67. Halma shares last traded at $49.78, with a volume of 574 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Halma in a research report on Monday, December 1st. Zacks Research downgraded Halma from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Halma currently has a consensus rating of “Moderate Buy”.

Halma Stock Up 4.1%

The firm has a 50-day simple moving average of $48.45 and a 200 day simple moving average of $46.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.18 and a quick ratio of 1.53.

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.