Halma (OTCMKTS:HLMAF) Shares Gap Down – What’s Next?

Halma (OTCMKTS:HLMAF) shares gapped down prior to trading on Tuesday . The stock had previously closed at $53.04, but opened at $51.27. Halma shares last traded at $51.27, with a volume of 1,800 shares traded.

Analysts Set New Price Targets

Separately, Zacks Research downgraded Halma from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Halma Stock Down 5.7%

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.18 and a quick ratio of 1.53. The company has a 50-day simple moving average of $51.65 and a two-hundred day simple moving average of $48.81.

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.