Hammond Power Solutions (TSE:HPS.A) Shares Up 0.5% – Still a Buy?

Hammond Power Solutions Inc. (TSE:HPS.A) traded up 0.5% during trading on Wednesday . The stock traded as high as C$139.80 and last traded at C$138.51. 26,218 shares traded hands during trading, a decline of 65% from the average session volume of 74,375 shares. The stock had previously closed at C$137.77.

Analysts Set New Price Targets

Several research firms have weighed in on HPS.A. National Bankshares boosted their price objective on Hammond Power Solutions from C$170.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th. Acumen Capital upped 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, September 24th.

Hammond Power Solutions Trading Up 0.5 %

The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. The firm has a fifty day simple moving average of C$135.66 and a two-hundred day simple moving average of C$121.21. The firm has a market cap of C$1.26 billion, a PE ratio of 25.00 and a beta of 0.84.

Insider Activity at Hammond Power Solutions

In other news, Director Dahra Granovsky acquired 1,500 shares of Hammond Power Solutions stock in a transaction that occurred on Tuesday, November 5th. The stock was bought at an average price of C$117.03 per share, for a total transaction of C$175,537.50. 6.02% of the stock is owned by corporate insiders.

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.