Halma (LON:HLMA) Hits New 52-Week Low – Should You Sell?
by Danessa Lincoln · The Markets DailyHalma plc (LON:HLMA – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday. The company traded as low as GBX 3,256 and last traded at GBX 3,266, with a volume of 6,716,086 shares changing hands. The stock had previously closed at GBX 3,374.
Analyst Upgrades and Downgrades
A number of analysts have commented on HLMA shares. Jefferies Financial Group restated a “hold” rating and set a GBX 3,660 price target on shares of Halma in a research report on Friday, September 25th. Berenberg Bank reiterated a “buy” rating and issued a GBX 4,200 price objective on shares of Halma in a report on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of £6,003.71.
View Our Latest Research Report on Halma
Halma Trading Down 2.8%
The company has a quick ratio of 1.51, a current ratio of 2.14 and a debt-to-equity ratio of 42.13. The stock has a market capitalization of £12.39 billion, a P/E ratio of 33.41, a PEG ratio of 2.93 and a beta of 0.97. The firm’s 50-day simple moving average is GBX 3,541 and its 200 day simple moving average is GBX 3,917.10.
Insider Activity
In related news, insider Marc Ronchetti sold 47,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of GBX 3,813, for a total value of £1,792,110. 0.82% of the stock is owned by corporate insiders.
About Halma
Halma is a global group of life-saving technology companies, focused on growing a safer, cleaner, healthier future for everyone, every day. Its purpose defines the three broad markets it operates in:
– Safety – Protecting people’s safety and the environment as populations grow, and enhancing worker safety.
– Environment – Addressing the impacts of climate change, pollution and waste, protecting life-critical resources and supporting scientific research.
– Health – Meeting the increasing demand for better healthcare as chronic illness rises, driven by growing and ageing populations and lifestyle changes.
Halma employs over 9,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.