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Hammond Power Solutions (TSE:HPS.A) Trading Down 17.3% - Here's What Happened

Hammond Power Solutions logo with Computer and Technology background

Key Points

  • Hammond Power Solutions' shares fell by 17.3% during mid-day trading, closing at C$115.57 after reaching a low of C$115.35.
  • The stock experienced an increase of 708% in trading volume, with approximately 406,890 shares exchanged compared to an average of 50,345 shares.
  • Hammond Power Solutions holds a market capitalization of C$1.06 billion and has a debt-to-equity ratio of 10.76.
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Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) shares were down 17.3% during trading 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 Trading Up 3.1%

The business's 50 day simple moving average is C$115.98 and its 200 day simple moving average is C$99.99. 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 cap of C$1.10 billion, a P/E ratio of 21.76 and a beta of 0.84.

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.

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