Halma (LON:HLMA) Shares Pass Above Two Hundred Day Moving Average - Here's What Happened

Halma plc (LON:HLMA - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,693.61 ($35.97) and traded as high as GBX 2,766.55 ($36.94). Halma shares last traded at GBX 2,755.73 ($36.80), with a volume of 1,109,053 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "hold" rating on shares of Halma in a research report on Thursday, March 13th.

Halma Stock Down 0.4 %

The company has a debt-to-equity ratio of 45.83, a quick ratio of 1.51 and a current ratio of 2.45. The business's 50 day moving average price is GBX 2,650.95 and its 200 day moving average price is GBX 2,702.83. The firm has a market cap of £10.66 billion, a price-to-earnings ratio of 39.59, a PEG ratio of 2.93 and a beta of 0.53.

Insider Activity at Halma

In related news, insider Steve Gunning purchased 267 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were purchased at an average cost of GBX 2,619 ($34.97) per share, with a total value of £6,992.73 ($9,337.33). 2.20% of the stock is owned by company insiders.

Halma Company Profile

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 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.