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

Halma plc (OTCMKTS:HLMAF) passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Analyst Upgrades and Downgrades

HLMAF has been the subject of several research analyst reports. Citigroup upgraded Halma to a “hold” rating in a research report on Thursday, November 28th. Berenberg Bank upgraded Halma from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Hsbc Global Res upgraded shares of Halma from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, HSBC raised shares of Halma to a “hold” rating in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Halma Stock Performance

The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.85 and a current ratio of 2.72. The business has a 50-day moving average price of $35.67 and a two-hundred day moving average price of $34.32.

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.