Hammond Power Solutions (TSE:HPS.A) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Hammond Power Solutions Inc. (TSE:HPS.A) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$129.56 and traded as high as C$137.87. Hammond Power Solutions shares last traded at C$136.72, with a volume of 25,971 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently commented on HPS.A. Acumen Capital upped their price objective on Hammond Power Solutions from C$156.00 to C$160.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. 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 report on Tuesday, October 15th. Finally, Canaccord Genuity Group upped 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.

Hammond Power Solutions Stock Down 1.7 %

The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The company has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 24.68 and a beta of 0.84. The firm has a 50-day moving average price of C$129.56 and a two-hundred day moving average price of C$120.59.

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.