Halma (OTCMKTS:HLMAF) Rating Lowered to Sell at Zacks Investment Research

Halma (OTCMKTS:HLMAF) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “Halma PLC is a health and safety sensor technology company. It manufactures products which detect hazards and also protect assets and people at work in public and commercial buildings. Halma PLC is headquartered in Amersham, the United Kingdom. “

Separately, ValuEngine downgraded Halma from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

Shares of OTCMKTS:HLMAF traded down $0.48 during trading hours on Wednesday, hitting $24.68. The stock had a trading volume of 2,004 shares, compared to its average volume of 3,204. The stock’s fifty day simple moving average is $24.18 and its 200 day simple moving average is $23.56. Halma has a 1-year low of $15.80 and a 1-year high of $26.54. The firm has a market capitalization of $9.37 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 3.33 and a beta of 0.77. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.60 and a current ratio of 2.28.

Halma Company Profile

Halma plc provides process and infrastructure safety, medical, and environmental and analysis products worldwide. Its Process Safety segment offers safety systems for warehousing and hazardous industrial processes; gas detection instruments; pressure management products; interlocking systems for safeguarding dangerous machines; pipeline corrosion monitoring products and systems; and process safety systems.

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