Halma (OTCMKTS:HLMAF) Upgraded to "Strong-Buy" at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group upgraded Halma to a "strong-buy" rating, reflecting increased confidence in the company.
• Currently, Halma holds a consensus rating of "Moderate Buy," with mixed ratings from various analysts including one sell, four hold, and four strong buy ratings.
• Halma's stock price increased by 2.4% to open at $44.84, with a one-year range of $29.83 to $45.54.

The Goldman Sachs Group upgraded shares of Halma (OTCMKTS:HLMAF - Free Report) to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

HLMAF has been the topic of several other reports. Kepler Capital Markets raised Halma to a "strong-buy" rating in a report on Thursday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Halma in a report on Monday, June 23rd. Finally, Jefferies Financial Group reaffirmed an "underperform" rating on shares of Halma in a report on Thursday, June 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Halma Price Performance

HLMAF remained flat at $44.84 during midday trading on Wednesday. The company's stock had a trading volume of 1,607 shares, compared to its average volume of 6,553. Halma has a 52-week low of $29.83 and a 52-week high of $45.54. The business has a fifty day moving average price of $42.95 and a 200 day moving average price of $38.40. The company has a current ratio of 2.44, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

Halma Cuts Dividend

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