Halma (LON:HLMA) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Halma plc (LON:HLMA) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,795.20 ($37.64) and traded as high as GBX 3,152 ($42.45). Halma shares last traded at GBX 3,144 ($42.34), with a volume of 344,801 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “hold” rating on shares of Halma in a report on Thursday, March 13th.

Halma Price 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 company has a market capitalization of £11.76 billion, a PE ratio of 43.70, a PEG ratio of 2.93 and a beta of 0.53. The firm has a 50-day moving average of GBX 2,877.83 and a 200 day moving average of GBX 2,795.20.

Halma (LON:HLMA) last announced its earnings results on Thursday, June 12th. The company reported GBX 94.23 ($1.27) earnings per share (EPS) for the quarter. Halma had a return on equity of 15.87% and a net margin of 13.21%. As a group, research analysts anticipate that Halma plc will post 90.5626134 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Hudson La Force acquired 2,000 shares of the stock in a transaction dated Monday, June 16th. The shares were purchased at an average cost of GBX 4,288 ($57.74) per share, with a total value of £85,760 ($115,486.13). Also, insider Steve Gunning acquired 267 shares of the stock in a transaction dated Thursday, March 27th. The shares were bought at an average cost of GBX 2,619 ($35.27) per share, for a total transaction of £6,992.73 ($9,416.55). Insiders own 2.20% of the company’s stock.

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 8,000 people in more than 20 countries, with major operations in the UK, Mainland Europe, the USA and Asia Pacific.