Halma (LON:HLMA) Shares Pass Above 200 Day Moving Average - Here's Why

Halma plc (LON:HLMA - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 2,461.25 ($32.21) and traded as high as GBX 2,501 ($32.73). Halma shares last traded at GBX 2,495 ($32.65), with a volume of 602,924 shares changing hands.

Analysts Set New Price Targets

Several research analysts have commented on the company. Shore Capital reissued a "hold" rating on shares of Halma in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 2,400 ($31.41) price objective on shares of Halma in a research note on Friday, June 28th.

Halma Stock Up 0.6 %

The company has a debt-to-equity ratio of 45.83, a quick ratio of 1.51 and a current ratio of 2.45. The company has a market capitalization of £9.41 billion, a P/E ratio of 3,514.08, a PEG ratio of 2.93 and a beta of 0.53. The stock has a 50 day moving average price of GBX 2,557.02 and a 200 day moving average price of GBX 2,463.

Insider Buying and Selling

In related news, insider Marc Ronchetti sold 6,958 shares of the business's stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of GBX 2,611 ($34.17), for a total transaction of £181,673.38 ($237,761.26). 2.20% of the stock is owned by insiders.

About Halma

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.