Acumen Capital Has Lowered Expectations for Hammond Power Solutions (TSE:HPS.A) Stock Price

Hammond Power Solutions (TSE:HPS.A - Get Free Report) had its price objective lowered by equities researchers at Acumen Capital from C$160.00 to C$148.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. Acumen Capital's target price suggests a potential upside of 85.23% from the stock's previous close.

Hammond Power Solutions Price Performance

Shares of Hammond Power Solutions stock traded down C$1.51 during mid-day trading on Monday, reaching C$79.90. 76,667 shares of the stock traded hands, compared to its average volume of 55,233. Hammond Power Solutions has a fifty-two week low of C$73.98 and a fifty-two week high of C$160.51. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The business has a 50-day moving average of C$93.55 and a 200 day moving average of C$118.28. The stock has a market capitalization of C$729.49 million, a PE ratio of 14.42 and a beta of 0.84.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India.