Halma (OTCMKTS:HLMAF) Shares Gap Up – Still a Buy?

Halma (OTCMKTS:HLMAF)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $43.37, but opened at $44.3530. Halma shares last traded at $44.21, with a volume of 1,019 shares.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HLMAF. The Goldman Sachs Group upgraded Halma to a “strong-buy” rating in a report on Wednesday, August 6th. UBS Group reissued a “buy” rating on shares of Halma in a research report on Thursday, September 25th. Barclays restated an “overweight” rating on shares of Halma in a research note on Friday, September 26th. Zacks Research downgraded shares of Halma from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Halma in a report on Monday, October 6th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Halma Price Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.44. The business’s 50-day moving average price is $46.11 and its two-hundred day moving average price is $43.74.

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.