Hammond Power Solutions (TSE:HPS.A) Shares Down 14.4% - Here's What Happened

Key Points

• Hammond Power Solutions' stock experienced a significant drop of 14.4%, with shares trading as low as C$115.72.
• Approximately 114,301 shares were traded during mid-day, marking a 138% increase from the average daily volume.
• The company has a market capitalization of C$1.07 billion and a beta of 0.84, indicating lower volatility compared to the market.
• Hammond Power Solutions is involved in the design and manufacturing of electrical transformers and operates manufacturing plants in multiple countries, including Canada, the U.S., Mexico, and India.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s stock price traded down 14.4% during trading on Friday . The company traded as low as C$115.72 and last traded at C$119.62. 114,301 shares traded hands during trading, an increase of 138% from the average session volume of 48,121 shares. The stock had previously closed at C$139.67.

Hammond Power Solutions Trading Down 1.5%

The company has a market cap of C$1.07 billion, a price-to-earnings ratio of 21.10 and a beta of 0.84. The business's fifty day moving average price is C$115.67 and its 200 day moving average price is C$99.87. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06.

About Hammond Power Solutions

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.