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

Hammond Power Solutions Inc. (TSE:HPS.A)’s share price was down 11% during trading on Wednesday . The company traded as low as C$129.43 and last traded at C$129.66. Approximately 77,105 shares changed hands 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

A number of analysts have issued reports on the company. National Bankshares raised their target price on Hammond Power Solutions from C$164.00 to C$170.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 27th. Acumen Capital lifted their price target on Hammond Power Solutions from C$156.00 to C$160.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Canaccord Genuity Group lifted 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.

Hammond Power Solutions Stock Performance

The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The business has a 50 day moving average price of C$116.63 and a two-hundred day moving average price of C$118.48. The company has a market cap of C$1.21 billion, a P/E ratio of 24.45 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.