Hammond Power Solutions (TSE:HPS.A) Share Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Shares of Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$124.83 and traded as low as C$124.50. Hammond Power Solutions shares last traded at C$125.54, with a volume of 28,251 shares trading hands.

Wall Street Analysts Forecast Growth

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

Hammond Power Solutions Price Performance

The firm has a market capitalization of C$1.15 billion, a PE ratio of 22.66 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 has a 50-day moving average price of C$127.82 and a 200 day moving average price of C$124.83.

Insiders Place Their Bets

In other Hammond Power Solutions news, Director Dahra Granovsky acquired 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average cost of C$117.03 per share, for a total transaction of C$175,537.50. 6.02% of the stock is currently 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.