Hammond Power Solutions (TSE:HPS.A) Shares Down 11%

Shares of Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) were down 11% on Wednesday . The company traded as low as C$129.43 and last traded at C$129.66. Approximately 77,105 shares were traded during trading, a decline of 0% from the average daily volume of 77,229 shares. The stock had previously closed at C$145.61.

Analyst Ratings Changes

HPS.A has been the subject of several recent research reports. National Bankshares upped their price target on shares of Hammond Power Solutions from C$164.00 to C$170.00 and gave the company an "outperform" rating in a research report on Tuesday, August 27th. Canaccord Genuity Group increased their price objective on Hammond Power Solutions from C$167.00 to C$169.00 and gave the company a "buy" rating in a report on Monday, July 29th. Finally, Acumen Capital lifted 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.

Hammond Power Solutions Price Performance

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 business's 50 day simple moving average is C$117.18 and its two-hundred day simple moving average is C$118.62. The stock has a market capitalization of C$1.24 billion, a P/E ratio of 24.49 and a beta of 0.83.

About Hammond Power Solutions

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.