Hammond Power Solutions (TSE:HPS.A) Share Price Crosses Above 50-Day Moving Average - Time to Sell?

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$81.73 and traded as high as C$92.18. Hammond Power Solutions shares last traded at C$92.13, with a volume of 49,536 shares changing hands.

Analysts Set New Price Targets

Several brokerages have weighed in on HPS.A. National Bankshares decreased their price objective on shares of Hammond Power Solutions from C$170.00 to C$140.00 and set an "outperform" rating for the company in a report on Monday, March 24th. Canaccord Genuity Group dropped their price objective 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 note on Monday, March 24th. Finally, Acumen Capital cut their target price on Hammond Power Solutions from C$160.00 to C$148.00 and set a "buy" rating on the stock in a research note on Monday, March 24th.

Hammond Power Solutions Stock Performance

The stock has a market cap of C$817.41 million, a price-to-earnings ratio of 16.16 and a beta of 0.84. The company's 50 day simple moving average is C$82.23 and its 200 day simple moving average is C$107.47. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03.

Insider Activity at Hammond Power Solutions

In related news, Director Frederick Maurice Jaques sold 500 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$89.29, for a total transaction of C$44,645.00. Company 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.