Halma (OTCMKTS:HLMAF) Trading Down 15.7% – Here’s What Happened

Shares of Halma (OTCMKTS:HLMAF) dropped 15.7% during mid-day trading on Thursday . The company traded as low as $52.6120 and last traded at $52.6120. Approximately 683 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 6,267 shares. The stock had previously closed at $62.41.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Halma from a “hold” rating to a “buy” rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Halma Trading Down 3.6%

The company has a current ratio of 2.18, a quick ratio of 1.53 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $60.02 and a 200-day simple moving average of $53.49.

About Halma

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.