Halma (OTCMKTS:HLMAF) Reaches New 12-Month High – Here’s Why

Shares of Halma plc (OTCMKTS:HLMAF) hit a new 52-week high during trading on Tuesday . The stock traded as high as $40.08 and last traded at $39.90, with a volume of 54369 shares traded. The stock had previously closed at $39.08.

Analysts Set New Price Targets

Several brokerages recently commented on HLMAF. HSBC raised shares of Halma to a “hold” rating in a research report on Tuesday, March 4th. Hsbc Global Res upgraded shares of Halma from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Halma has an average rating of “Moderate Buy”.

Halma Stock Up 2.1%

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.85 and a current ratio of 2.72. The firm’s 50 day simple moving average is $35.69 and its 200-day simple moving average is $35.13.

About Halma

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 Medical.