Halma (OTCMKTS:HLMAF) Downgraded by Zacks Research to Hold

Key Points

• Halma has been downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating, reflecting a shift in analyst sentiment towards the stock.
• The current average rating for Halma is "Moderate Buy," with four analysts recommending a Strong Buy and one analyst issuing a Sell rating.
• As of Monday, Halma's stock price hit $43.34, showing a decrease of $0.98, with a 12-month range of $29.83 to $45.54.

Halma (OTCMKTS:HLMAF - Get Free Report) was downgraded by investment analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also recently issued reports on HLMAF. Jefferies Financial Group reaffirmed an "underperform" rating on shares of Halma in a research note on Thursday, June 12th. The Goldman Sachs Group raised shares of Halma to a "strong-buy" rating in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Halma in a research note on Monday, June 23rd. Finally, Kepler Capital Markets raised shares of Halma to a "strong-buy" rating in a research report on Thursday, June 19th. Four equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Halma Stock Performance

OTCMKTS HLMAF traded up $0.68 on Monday, hitting $44.70. 111,188 shares of the company's stock traded hands, compared to its average volume of 12,132. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 2.44. The firm's 50-day moving average price is $43.62 and its two-hundred day moving average price is $38.89. Halma has a 1-year low of $29.83 and a 1-year high of $45.54.

About Halma

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.