Hammond Power Solutions (TSE:HPS.A) Stock Crosses Below 200-Day Moving Average of $111.28

Hammond Power Solutions Inc. (TSE:HPS.A) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$111.28 and traded as low as C$99.91. Hammond Power Solutions shares last traded at C$101.36, with a volume of 47,984 shares.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HPS.A. National Bankshares raised Hammond Power Solutions from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, April 30th. Canaccord Genuity Group upped their price objective on Hammond Power Solutions from C$85.00 to C$167.00 in a research report on Monday, April 1st.

Hammond Power Solutions Trading Down 0.1 %

The firm has a market capitalization of C$925.42 million, a PE ratio of 21.66 and a beta of 0.82. The business has a 50 day moving average price of C$109.23 and a 200-day moving average price of C$111.28. The company has a current ratio of 1.84, a quick ratio of 1.06 and a debt-to-equity ratio of 17.29.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc, together with its subsidiaries, designs, manufactures, and sells dry-type, cast resin, and liquid filled transformers, as well as wound magnetic products for the electrical and related industries. The company provides control and automation products, including molded machine tool industrial control, industrial open core and coil control, general purpose enclosed, encapsulated control, and energy efficient drive isolation transformers, as well as reactors, DV/DT filters, and motor starting autotransformers.