Halma (OTCMKTS:HLMAF) Sets New 1-Year High - Still a Buy?

Key Points

• New 52-week high: Halma reached a 52-week high of $58.80 (last trade $58.4325) on Tuesday on volume of 2,355 shares, up from the prior close of $54.65.
• Zacks Research downgraded Halma from "strong-buy" to "hold" on Feb. 3, while the overall analyst mix is 2 Strong Buy, 2 Buy, 2 Hold and 1 Sell, giving a consensus rating of "Moderate Buy."
• Key fundamentals include a debt-to-equity ratio of 0.34, a current ratio of 2.18 and a quick ratio of 1.53; the stock's 50-day and 200-day moving averages are $52.15 and $49.14, respectively.

Halma (OTCMKTS:HLMAF - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $58.80 and last traded at $58.4325, with a volume of 2355 shares changing hands. The stock had previously closed at $54.65.

Analyst Upgrades and Downgrades

Separately, Zacks Research downgraded Halma from a "strong-buy" rating to a "hold" rating in a 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 issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Halma Stock Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 2.18 and a quick ratio of 1.53. The business has a 50 day moving average price of $52.15 and a 200-day moving average price of $49.14.

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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