Halma (OTCMKTS:HLMAF) Shares Down 2.5% - Here's What Happened

Key Points

• Halma's share price dropped by 2.5% to $42.64, with trading volume decreasing by 33% compared to its average.
• Analysts have mixed opinions on Halma, with a range of ratings from sell to strong buy, resulting in an average rating of "Moderate Buy."
• The company announced a special dividend of $0.19 that will yield 71.0%, with an ex-dividend date of July 10th.

Halma (OTCMKTS:HLMAF - Get Free Report)'s share price was down 2.5% on Friday . The stock traded as low as $42.26 and last traded at $42.64. Approximately 4,150 shares traded hands during trading, a decline of 33% from the average daily volume of 6,223 shares. The stock had previously closed at $43.75.

Analysts Set New Price Targets

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

Halma Stock Performance

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 firm's 50 day moving average price is $42.48 and its 200-day moving average price is $38.04.

Halma Cuts Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, August 15th. Investors of record on Friday, July 11th will be issued a $0.19 dividend. This represents a yield of 71.0%. The ex-dividend date is Thursday, July 10th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.