Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s stock price hit a new 52-week low during trading on Friday . The company traded as low as C$73.50 and last traded at C$73.50, with a volume of 20468 shares traded. The stock had previously closed at C$80.03.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on HPS.A. Canaccord Genuity Group lowered their price target on Hammond Power Solutions from C$162.00 to C$158.00 and set a "buy" rating for the company in a report on Monday, March 24th. Acumen Capital lowered their target price on Hammond Power Solutions from C$160.00 to C$148.00 and set a "buy" rating for the company in a report on Monday, March 24th. Finally, National Bankshares cut their price target on Hammond Power Solutions from C$170.00 to C$140.00 and set an "outperform" rating on the stock in a research note on Monday, March 24th.
Check Out Our Latest Research Report on HPS.A
Hammond Power Solutions Trading Up 14.4 %
The stock has a market capitalization of C$744.00 million, a P/E ratio of 14.71 and a beta of 0.84. 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 stock's 50 day moving average price is C$86.09 and its 200-day moving average price is C$115.00.
Insider Buying and Selling at Hammond Power Solutions
In related news, Director Frederick Maurice Jaques sold 500 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$89.29, for a total transaction of C$44,645.00. Insiders own 6.02% of the company's stock.
About Hammond Power Solutions
(
Get Free Report)
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.
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