Halma (LON:HLMA) Shares Pass Above 200-Day Moving Average - Here's Why

Halma plc (LON:HLMA - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,951.86 ($39.82) and traded as high as GBX 3,274 ($44.17). Halma shares last traded at GBX 3,218 ($43.41), with a volume of 417,405 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on HLMA shares. The Goldman Sachs Group started coverage on Halma in a research note on Thursday, August 7th. They issued a "buy" rating and a GBX 3,740 price objective for the company. Shore Capital reaffirmed a "hold" rating and issued a GBX 3,200 price objective on shares of Halma in a research note on Tuesday, August 26th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Halma currently has an average rating of "Hold" and an average price target of GBX 3,060.

Halma Price Performance

The stock has a market capitalization of £12.25 billion, a price-to-earnings ratio of 4,151.52, a PEG ratio of 2.93 and a beta of 0.53. 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 company has a 50 day moving average of GBX 3,237.80 and a 200 day moving average of GBX 2,957.76.

Halma (LON:HLMA - Get Free Report) last released its earnings results on Thursday, June 12th. The company reported GBX 94.23 EPS for the quarter. Halma had a return on equity of 15.87% and a net margin of 13.21%. As a group, equities research analysts anticipate that Halma plc will post 90.5626134 EPS for the current year.

Insider Buying and Selling

In related news, insider Marc Ronchetti sold 36,245 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of GBX 3,248, for a total transaction of £1,177,237.60. Also, insider Jennifer Ward sold 19,020 shares of the business's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of GBX 3,248, for a total value of £617,769.60. Insiders sold 65,175 shares of company stock valued at $211,232,540 in the last three months. 0.81% of the stock is owned by corporate insiders.

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