Hammond Power Solutions (TSE:HPS.A) Stock Price Down 17.3% - Time to Sell?

Key Points

• Hammond Power Solutions Inc. shares dropped by 17.3%, from a previous closing price of C$139.67 to around C$115.57.
• The stock's trading volume increased significantly, with 406,890 shares changing hands, surpassing the average volume by 708%.
• The company's debt-to-equity ratio stands at 10.76, indicating a high level of leverage, while it has a market capitalization of C$1.06 billion.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) dropped 17.3% on Saturday . The company traded as low as C$115.35 and last traded at C$115.57. Approximately 406,890 shares traded hands 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 Stock Down 2.7%

The firm has a market capitalization of C$1.05 billion, a P/E ratio of 20.85 and a beta of 0.84. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The firm's 50-day moving average is C$115.67 and its 200 day 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.