Halma (OTCMKTS:HLMAF) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Halma plc (OTCMKTS:HLMAF)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $35.67 and traded as low as $33.65. Halma shares last traded at $34.00, with a volume of 6,709 shares trading hands.

Analysts Set New Price Targets

HLMAF has been the subject of a number of research analyst reports. HSBC upgraded Halma to a “hold” rating in a research report on Tuesday, March 4th. Berenberg Bank upgraded shares of Halma from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 22nd. Finally, Hsbc Global Res raised shares of Halma from a “moderate sell” rating to a “hold” rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Halma Trading Down 2.0 %

The company has a debt-to-equity ratio of 0.42, a current ratio of 2.72 and a quick ratio of 1.85. The company has a 50-day moving average price of $35.65 and a 200-day moving average price of $34.32.

Halma Company Profile

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.