Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s stock price traded down 10% during trading on Wednesday . The company traded as low as C$121.23 and last traded at C$124.85. 85,937 shares were traded during trading, an increase of 13% from the average session volume of 76,048 shares. The stock had previously closed at C$138.79.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. National Bankshares upped their price objective 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. Canaccord Genuity Group upped their price target on Hammond Power Solutions from C$167.00 to C$169.00 and gave the company a "buy" rating in a research report on Monday, July 29th. Finally, Acumen Capital increased their price objective on Hammond Power Solutions from C$156.00 to C$160.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th.
View Our Latest Report on HPS.A
Hammond Power Solutions Trading Down 6.0 %
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 company has a market cap of C$1.19 billion, a P/E ratio of 22.93 and a beta of 0.84. The business has a 50-day moving average price of C$131.95 and a two-hundred day moving average price of C$120.03.
About Hammond Power Solutions
(
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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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