Shares of Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) shot up 0.5% during mid-day trading on Wednesday . The company traded as high as C$139.80 and last traded at C$138.51. 26,218 shares traded hands during trading, a decline of 65% from the average session volume of 74,375 shares. The stock had previously closed at C$137.77.
Analysts Set New Price Targets
Several equities analysts have recently commented on HPS.A shares. National Bankshares raised their price target on Hammond Power Solutions from C$170.00 to C$175.00 and gave the company an "outperform" rating in a research note on Tuesday, October 15th. Acumen Capital upped their target price on Hammond Power Solutions from C$156.00 to C$160.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th.
Check Out Our Latest Analysis on HPS.A
Hammond Power Solutions Stock Performance
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 firm's fifty day moving average price is C$135.66 and its 200 day moving average price is C$121.21. The stock has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 25.00 and a beta of 0.84.
Insider Buying and Selling
In related news, Director Dahra Granovsky acquired 1,500 shares of the stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average cost of C$117.03 per share, with a total value of C$175,537.50. 6.02% of the stock is owned by insiders.
Hammond Power Solutions Company Profile
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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.
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