Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$102.75 and traded as low as C$96.96. Hammond Power Solutions shares last traded at C$100.02, with a volume of 20,480 shares changing hands.
Wall Street Analysts Forecast Growth
A number of analysts have commented on HPS.A shares. Canaccord Genuity Group cut their price target on shares of Hammond Power Solutions from C$162.00 to C$158.00 and set a "buy" rating on the stock in a research report on Monday, March 24th. Acumen Capital dropped their price objective on shares of Hammond Power Solutions from C$160.00 to C$148.00 and set a "buy" rating on the stock in a report on Monday, March 24th. Finally, National Bankshares dropped their price objective on shares of Hammond Power Solutions from C$170.00 to C$140.00 and set an "outperform" rating on the stock in a report on Monday, March 24th.
Check Out Our Latest Stock Report on HPS.A
Hammond Power Solutions Stock Up 2.1%
The firm's fifty day moving average price is C$90.90 and its two-hundred day moving average price is C$102.51. The stock has a market cap of C$1.01 billion, a price-to-earnings ratio of 19.93 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.
Insider Activity
In related news, Director Frederick Maurice Jaques sold 500 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$89.29, for a total value of C$44,645.00. Company insiders own 6.02% of the company's stock.
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.
Featured Stories
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
