Hammond Power Solutions (TSE:HPS.A) Stock Crosses Above Fifty 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.

Shares of Hammond Power Solutions Inc. (TSE:HPS.A - ) passed 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 changing hands.

Hammond Power Solutions Trading Down 1.1%

The stock has a market capitalization of C$1.14 billion, a P/E ratio of 22.55 and a beta of 0.84. 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 business's 50 day simple moving average is C$123.80 and its 200-day simple moving average is C$101.42.

Insider Transactions at Hammond Power Solutions

In other Hammond Power Solutions news, Senior Officer John Henry Bailey sold 325 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of C$116.85, for a total value of C$37,976.25. Following the transaction, the insider directly owned 31 shares of the company's stock, valued at approximately C$3,622.35. This trade represents a 91.29% decrease in their ownership of the stock. Insiders own 6.02% of the company's stock.

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.

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