Halma (OTCMKTS:HLMAF) Shares Pass Below 50-Day Moving Average – Time to Sell?

Halma plc (OTCMKTS:HLMAF) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $35.67 and traded as low as $33.65. Halma shares last traded at $34.00, with a volume of 6,709 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Berenberg Bank upgraded Halma from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Hsbc Global Res raised shares of Halma from a “moderate sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, HSBC raised shares of Halma to a “hold” rating in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Halma has a consensus rating of “Moderate Buy”.

Halma Price Performance

The company has a 50 day moving average price of $35.65 and a 200 day moving average price of $34.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.85 and a current ratio of 2.72.

Halma Company Profile

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.