Halma (OTCMKTS:HLMAF) Sees Unusually-High Trading Volume - Here's What Happened

Key Points

• Halma experienced a significant increase in trading volume, with 76,700 shares traded, marking a 292% rise from the previous day's volume.
• Analysts have mixed opinions on Halma's stock, with ratings ranging from "strong buy" to "underperform." The stock has an average rating of "Moderate Buy."
• Halma announced a special dividend of $0.19, set to be paid on August 15th, representing a yield of 0.71% for shareholders.
• The company continues to operate in multiple markets globally, focusing on safety, health, and environmental technology solutions.

Halma (OTCMKTS:HLMAF - Get Free Report) shares saw an uptick in trading volume on Friday . 76,700 shares traded hands during mid-day trading, an increase of 292% from the previous session's volume of 19,567 shares.The stock last traded at $43.89 and had previously closed at $44.06.

Wall Street Analyst Weigh In

Several research firms have weighed in on HLMAF. Kepler Capital Markets raised Halma to a "strong-buy" rating in a research note on Thursday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Halma in a research report on Monday, June 23rd. Finally, Jefferies Financial Group restated an "underperform" rating on shares of Halma in a report on Thursday, June 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Halma Stock Up 1.4%

The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.78. The stock has a 50 day simple moving average of $42.19 and a two-hundred day simple moving average of $37.82.

Halma Cuts Dividend

The firm also recently announced a special dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, July 11th will be paid a dividend of $0.19 per share. The ex-dividend date is Thursday, July 10th. This represents a dividend yield of 0.71%.

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.