Hammond Power Solutions (TSE:HPS.A) Stock Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Hammond Power Solutions stock surpassed its 50-day moving average on Wednesday, trading as high as C$126.76 before closing at C$124.90.
• The company has a market capitalization of C$1.14 billion and a P/E ratio of 22.55, indicating its valuation metrics in the stock market.
• Insider transactions were noted, with Senior Officer John Henry Bailey selling 325 shares at an average price of C$116.85, leading to a 91.29% reduction in their ownership stake.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$123.80 and traded as high as C$126.76. Hammond Power Solutions shares last traded at C$124.90, with a volume of 75,603 shares.

Hammond Power Solutions Price Performance

The stock has a market cap of C$1.08 billion, a PE ratio of 21.28 and a beta of 0.84. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. The company's 50 day moving average is C$124.16 and its 200-day moving average is C$101.96.

Insider Transactions at Hammond Power Solutions

In related news, Senior Officer John Henry Bailey sold 325 shares of Hammond Power Solutions stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of C$116.85, for a total transaction of C$37,976.25. Following the sale, the insider owned 31 shares of the company's stock, valued at C$3,622.35. The trade was a 91.29% decrease in their position. 6.02% of the stock is owned by company insiders.

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.