Hammond Power Solutions (TSE:HPS.A) Trading Down 17.2% - Should You Sell?

Key Points

• Hammond Power Solutions Inc. experienced a significant stock decline of 17.2%, trading last at C$115.68, down from a previous close of C$139.67.
• Trading volume surged to 229,720 shares, which is a 370% increase over its average daily volume of 48,916 shares.
• The company holds a market cap of C$1.07 billion and a PE ratio of 21.17, indicating its valuation relative to earnings.
• Hammond Power Solutions specializes in designing and manufacturing various electrical transformers and serves industries across Canada, the U.S., Mexico, and India.

Shares of Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) were down 17.2% during trading on Friday . The stock traded as low as C$115.68 and last traded at C$115.68. Approximately 229,720 shares changed hands during trading, an increase of 370% from the average daily volume of 48,916 shares. The stock had previously closed at C$139.67.

Hammond Power Solutions Price Performance

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 stock has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 21.10 and a beta of 0.84. The stock's 50 day simple moving average is C$115.67 and its 200-day simple moving average is C$99.87.

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.