Halma (OTCMKTS:HLMAF) Shares Gap Down – What’s Next?

Halma (OTCMKTS:HLMAF)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $49.5560, but opened at $47.1610. Halma shares last traded at $48.3550, with a volume of 1,580 shares traded.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HLMAF shares. Citigroup reiterated a “buy” rating on shares of Halma in a research report on Thursday, June 18th. BNP Paribas Exane upgraded Halma to an “outperform” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Halma Price Performance

The business’s 50 day moving average is $56.12 and its 200-day moving average is $54.04.

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.