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Hammond Power Solutions (TSE:HPS.A) Share Price Crosses Below 200 Day Moving Average - What's Next?

Hammond Power Solutions logo with Computer and Technology background

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$124.31 and traded as low as C$114.25. Hammond Power Solutions shares last traded at C$114.81, with a volume of 24,206 shares trading hands.

Analyst Ratings Changes

HPS.A has been the topic of a number of recent research reports. National Bankshares raised their price objective on 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. Acumen Capital upped their price objective on shares of Hammond Power Solutions from C$156.00 to C$160.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th.

Get Our Latest Stock Report on HPS.A

Hammond Power Solutions Stock Up 1.9 %

The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The company has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 21.12 and a beta of 0.84. The firm's fifty day moving average price is C$128.19 and its 200-day moving average price is C$124.25.

Insider Buying and Selling at Hammond Power Solutions

In other Hammond Power Solutions news, Director Dahra Granovsky purchased 1,500 shares of the business's stock in a transaction dated Tuesday, November 5th. The shares were bought at an average price of C$117.03 per share, for a total transaction of C$175,537.50. Corporate insiders own 6.02% of the company's stock.

Hammond Power Solutions Company Profile

(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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