Halma (OTCMKTS:HLMAF) Shares Gap Up – Still a Buy?

Shares of Halma (OTCMKTS:HLMAF) gapped up prior to trading on Thursday . The stock had previously closed at $50.9430, but opened at $54.13. Halma shares last traded at $52.8450, with a volume of 253 shares traded.

Wall Street Analyst Weigh In

HLMAF has been the subject of a number of research reports. BNP Paribas Exane upgraded shares of Halma to an “outperform” rating in a research note on Monday, June 15th. Citigroup restated a “buy” rating on shares of Halma in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Halma Price Performance

The stock has a fifty day moving average of $58.70 and a 200 day moving average of $53.94.

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.