Free Trial

Hammond Power Solutions (TSE:HPS.A) Stock Price Down 17.3% - What's Next?

Hammond Power Solutions logo with Computer and Technology background

Key Points

  • Hammond Power Solutions Inc. experienced a significant drop in stock price, falling 17.3% to last trade at C$115.57 after closing at C$139.67.
  • Trading volume surged to 406,890 shares, which is an increase of 708% compared to the average session volume.
  • The company specializes in manufacturing custom electrical magnetics and transformers across its plants in Canada, the U.S., Mexico, and India.
  • Interested in Hammond Power Solutions? Here are five stocks we like better.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) dropped 17.3% during trading on Saturday . The stock traded as low as C$115.35 and last traded at C$115.57. Approximately 406,890 shares were traded during trading, an increase of 708% from the average daily volume of 50,345 shares. The stock had previously closed at C$139.67.

Hammond Power Solutions Price Performance

The stock has a market capitalization of C$1.05 billion, a PE ratio of 20.79 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 stock's 50 day moving average price is C$115.67 and its 200-day moving average price is C$99.87.

About Hammond Power Solutions

(Get Free Report)

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.

Recommended Stories

Should You Invest $1,000 in Hammond Power Solutions Right Now?

Before you consider Hammond Power Solutions, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hammond Power Solutions wasn't on the list.

While Hammond Power Solutions currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines