Halma (LON:HLMA) Stock Price Down 15.4% – Here’s What Happened

Halma plc (LON:HLMA) shares dropped 15.4% during mid-day trading on Thursday . The company traded as low as GBX 3,820 and last traded at GBX 3,928. Approximately 5,186,077 shares changed hands during trading, a decline of 57% from the average daily volume of 12,167,623 shares. The stock had previously closed at GBX 4,642.

Analyst Upgrades and Downgrades

HLMA has been the topic of a number of research reports. Shore Capital Group restated a “hold” rating on shares of Halma in a research report on Monday, April 13th. UBS Group reaffirmed a “buy” rating and set a £47,750 price target on shares of Halma in a report on Friday, June 5th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Halma has an average rating of “Moderate Buy” and an average target price of £5,338.78.

Halma Trading Down 15.4%

The company has a quick ratio of 1.51, a current ratio of 2.18 and a debt-to-equity ratio of 43.44. The business has a fifty day simple moving average of GBX 4,427.66 and a 200 day simple moving average of GBX 3,954.36. The company has a market cap of £14.84 billion, a price-to-earnings ratio of 42.95, a P/E/G ratio of 2.93 and a beta of 0.97.

Halma (LON:HLMA) last released its earnings results on Thursday, June 11th. The company reported GBX 114.05 EPS for the quarter. Halma had a return on equity of 13.73% and a net margin of 14.63%.The company had revenue of GBX 258.23 billion during the quarter. On average, equities analysts anticipate that Halma plc will post 90.5626134 EPS for the current fiscal year.

About Halma

Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:

– Safety – Protecting people’s safety and the environment as populations grow, and enhancing worker safety.
– Environment – Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
– Health – Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.

Halma employs over 9,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.