Halma (LON:HLMA) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Shares of Halma plc (LON:HLMA - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,731.37 ($36.48) and traded as high as GBX 2,978 ($39.78). Halma shares last traded at GBX 2,956 ($39.48), with a volume of 1,008,644 shares trading hands.

Analysts Set New Price Targets

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

Halma Stock Performance

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 firm's 50 day moving average is GBX 2,690.17 and its 200-day moving average is GBX 2,731.37. The stock has a market capitalization of £11.08 billion, a price-to-earnings ratio of 41.16, a PEG ratio of 2.93 and a beta of 0.53.

Insider Activity at Halma

In related news, insider Steve Gunning acquired 267 shares of Halma stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of GBX 2,619 ($34.98) per share, for a total transaction of £6,992.73 ($9,339.83). Company insiders own 2.20% of the company's stock.

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.

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