Hammond Power Solutions (TSE:HPS.A) Stock Crosses Below 200 Day Moving Average - What's Next?

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$106.65 and traded as low as C$91.00. Hammond Power Solutions shares last traded at C$92.47, with a volume of 29,529 shares changing hands.

Analyst Ratings Changes

HPS.A has been the subject of several research reports. Acumen Capital lowered their price target on shares of Hammond Power Solutions from C$160.00 to C$148.00 and set a "buy" rating for the company in a research report on Monday, March 24th. National Bankshares lowered their target price on 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. Finally, Canaccord Genuity Group cut their price target on Hammond Power Solutions from C$162.00 to C$158.00 and set a "buy" rating on the stock in a report on Monday, March 24th.

Hammond Power Solutions Stock Performance

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 stock has a market cap of C$866.53 million, a PE ratio of 17.13 and a beta of 0.84. The business's 50-day moving average price is C$83.15 and its 200-day moving average price is C$106.05.

Insiders Place Their Bets

In other Hammond Power Solutions news, Director Frederick Maurice Jaques sold 500 shares of the business's 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. Corporate insiders own 6.02% of the company's stock.

Hammond Power Solutions Company Profile

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.