Hammond Power Solutions (TSE:HPS.A) Share Price Crosses Below Two Hundred Day Moving Average of $110.31

Hammond Power Solutions Inc. (TSE:HPS.A)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$110.31 and traded as low as C$106.10. Hammond Power Solutions shares last traded at C$106.72, with a volume of 31,845 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Canaccord Genuity Group increased their target price on Hammond Power Solutions from C$85.00 to C$167.00 in a report on Monday, April 1st. National Bankshares upgraded shares of Hammond Power Solutions from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, April 30th.

Hammond Power Solutions Stock Down 0.9 %

The company has a debt-to-equity ratio of 17.29, a quick ratio of 1.06 and a current ratio of 1.84. The company has a market cap of C$974.35 million, a P/E ratio of 22.80 and a beta of 0.82. The firm’s 50-day simple moving average is C$111.13 and its 200 day simple moving average is C$110.31.

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.