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Halma (LON:HLMA) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Halma logo with Industrials background

Shares of Halma plc (LON:HLMA - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,449.63 ($32.77) and traded as high as GBX 2,608 ($34.88). Halma shares last traded at GBX 2,579 ($34.50), with a volume of 272,012 shares.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Shore Capital reiterated a "hold" rating on shares of Halma in a report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 2,400 ($32.10) price objective on shares of Halma in a report on Friday, June 28th.

Check Out Our Latest Research Report on Halma

Halma Stock Performance

The company has a debt-to-equity ratio of 45.83, a current ratio of 2.45 and a quick ratio of 1.51. The stock's 50-day simple moving average is GBX 2,564.06 and its 200 day simple moving average is GBX 2,450.52. The stock has a market capitalization of £9.63 billion, a P/E ratio of 3,578.87, a PEG ratio of 4.41 and a beta of 0.53.

Insider Activity

In other news, insider Marc Ronchetti sold 6,958 shares of the business's stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of GBX 2,611 ($34.93), for a total value of £181,673.38 ($243,008.80). 2.20% of the stock is currently owned by company insiders.

About Halma

(Get Free Report)

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.

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