Hammond Power Solutions (TSE:HPS.A) Reaches New 1-Year Low - Here's What Happened

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$90.00 and last traded at C$99.91, with a volume of 21949 shares. The stock had previously closed at C$104.46.

Analysts Set New Price Targets

Separately, National Bankshares lifted their target price on shares of Hammond Power Solutions from C$170.00 to C$175.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 15th.

Hammond Power Solutions Stock Performance

The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The firm's 50 day simple moving average is C$124.78 and its 200-day simple moving average is C$125.19. The company has a market cap of C$936.83 million, a price-to-earnings ratio of 18.52 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.