Halma (OTCMKTS:HLMAF) Reaches New 1-Year High – Time to Buy?

Halma (OTCMKTS:HLMAF) reached a new 52-week high during trading on Thursday . The stock traded as high as $50.00 and last traded at $50.00, with a volume of 1572 shares traded. The stock had previously closed at $48.84.

Analysts Set New Price Targets

Several equities analysts have issued reports on HLMAF shares. Barclays reiterated an “overweight” rating on shares of Halma in a research note on Friday, September 26th. UBS Group reissued a “buy” rating on shares of Halma in a research note on Thursday, September 25th. Zacks Research raised Halma from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Halma in a research report on Monday, December 1st. Three analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Halma Trading Up 3.3%

The business’s fifty day moving average price is $47.72 and its 200 day moving average price is $46.01.

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.