Hammond Power Solutions (TSE:HPS.A) Share Price Passes Above 50 Day Moving Average - What's Next?

Shares of Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$82.34 and traded as high as C$82.35. Hammond Power Solutions shares last traded at C$78.05, with a volume of 61,281 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HPS.A. Canaccord Genuity Group dropped their price objective on shares of Hammond Power Solutions from C$162.00 to C$158.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Acumen Capital dropped their price objective on shares of Hammond Power Solutions from C$160.00 to C$148.00 and set a "buy" rating on the stock in a research note on Monday, March 24th. Finally, National Bankshares dropped their price objective on shares of Hammond Power Solutions from C$170.00 to C$140.00 and set an "outperform" rating on the stock in a research note on Monday, March 24th.

Hammond Power Solutions Trading Down 5.1 %

The company has a market capitalization of C$798.33 million, a price-to-earnings ratio of 15.78 and a beta of 0.84. 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's 50 day simple moving average is C$81.80 and its two-hundred day simple moving average is C$109.37.

Insiders Place Their Bets

In other Hammond Power Solutions news, Director Frederick Maurice Jaques sold 500 shares of the firm's stock in a transaction on Monday, March 24th. The shares were sold at an average price of C$89.29, for a total value of C$44,645.00. Corporate insiders own 6.02% of the company's stock.

Hammond Power Solutions Company Profile

Hammond Power Solutions Inc is engaged in designing and manufacturing of custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers and standard electrical transformers, serving the electrical and electronic industries. The company has manufacturing plants in Canada, the United States, Mexico and India.