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

Halma (OTCMKTS:HLMAF) shares gapped down before the market opened on Wednesday . The stock had previously closed at $48.96, but opened at $46.23. Halma shares last traded at $48.3025, with a volume of 767 shares trading hands.

Wall Street Analysts Forecast Growth

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

Halma Trading Down 0.3%

The stock’s 50 day moving average is $47.02 and its 200-day moving average is $45.38. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.78.

Halma Company Profile

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.