Hammond Power Solutions (TSE:HPS.A) Stock Passes Below 200-Day Moving Average - Should You Sell?

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$113.62 and traded as low as C$74.78. Hammond Power Solutions shares last traded at C$77.48, with a volume of 38,879 shares.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HPS.A shares. Acumen Capital dropped their price objective on Hammond Power Solutions from C$160.00 to C$148.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. National Bankshares decreased their target price 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. Finally, Canaccord Genuity Group dropped their price objective on shares of 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.

Hammond Power Solutions Trading Down 0.0 %

The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. The company has a 50-day simple moving average of C$83.03 and a 200 day simple moving average of C$112.44. The firm has a market cap of C$739.53 million, a PE ratio of 14.62 and a beta of 0.84.

Insider Buying and Selling

In other Hammond Power Solutions news, Director Frederick Maurice Jaques sold 500 shares of the business's stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$89.29, for a total transaction of C$44,645.00. 6.02% of the stock is owned by corporate insiders.

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.