Halma (OTCMKTS:HLMAF) Hits New 52-Week Low – Should You Sell?

Shares of Halma (OTCMKTS:HLMAF) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $10.8655 and last traded at $10.8655, with a volume of 4940366 shares trading hands. The stock had previously closed at $46.25.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Zacks Research cut Halma from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 18th. UBS Group reiterated a “buy” rating on shares of Halma in a research note on Thursday, September 25th. Barclays reiterated an “overweight” rating on shares of Halma in a research note on Friday, September 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Halma in a research note on Monday, October 6th. Finally, The Goldman Sachs Group upgraded shares of Halma to a “strong-buy” rating in a research note on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Halma presently has an average rating of “Moderate Buy”.

Halma Trading Down 5.5%

The business has a fifty day moving average of $45.98 and a 200-day moving average of $43.15. The company has a current ratio of 2.44, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

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.