Halma (OTCMKTS:HLMAF) Reaches New 12-Month High - Still a Buy?

Key Points

• Halma reached a new 52-week high, trading as high as $62.81 (last $61.5050) during mid-day trading with 879 shares changing hands.
• Analyst views are mixed: the consensus rating is a Moderate Buy (two Strong Buy, two Buy, two Hold, one Sell) and Zacks recently downgraded the stock from strong-buy to hold.
• The stock is trading above its 50-day ($54.58) and 200-day ($50.36) moving averages, and the company shows conservative leverage (debt-to-equity 0.34) with healthy liquidity (current ratio 2.18, quick ratio 1.53).

Halma (OTCMKTS:HLMAF - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $62.81 and last traded at $61.5050, with a volume of 879 shares trading hands. The stock had previously closed at $62.07.

Analyst Upgrades and Downgrades

Separately, Zacks Research cut 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 assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Halma Stock Up 0.7%

The firm's 50-day moving average is $54.58 and its 200 day moving average is $50.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.18 and a quick ratio of 1.53.

Halma Company Profile

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.

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