Halma (OTCMKTS:HLMAF) Shares Gap Down – Time to Sell?

Halma (OTCMKTS:HLMAF) shares gapped down prior to trading on Friday. The stock had previously closed at $46.0310, but opened at $44.3260. Halma shares last traded at $44.3260, with a volume of 248 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Jefferies Financial Group raised Halma from a “moderate sell” rating to a “hold” rating in a report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Halma in a research report on Monday, September 21st. Finally, Citigroup reissued a “buy” rating on shares of Halma in a research report on Thursday, June 18th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

Halma Stock Down 3.7%

The stock’s 50 day simple moving average is $47.59 and its 200 day simple moving average is $52.60.

Halma Company Profile

Halma plc is a United Kingdom-based technology group that develops products and solutions designed to protect and improve the lives of people. Its businesses focus on safety, health and environmental applications, serving customers across industrial, commercial, healthcare, infrastructure and public-sector markets.

The company’s products include fire and gas detection systems, life-safety equipment, elevator safety components, water and air-quality monitoring technologies, optical and photonic systems, and medical and healthcare devices.