Hammond Power Solutions (TSE:HPS.A) Shares Down 14.4% - Here's Why

Key Points

• Hammond Power Solutions' stock price dropped 14.4%, trading as low as C$115.72 before closing at C$119.62 on Friday.
• The trading volume increased by 138%, with 114,301 shares changing hands compared to an average of 48,121 shares.
• The company has a debt-to-equity ratio of 10.76 and a market capitalization of C$1.07 billion, indicating potential financial concerns.
• Hammond Power Solutions specializes in manufacturing custom electrical magnetics and transformers for the electrical and electronic industries, with facilities in Canada, the U.S., Mexico, and India.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s share price dropped 14.4% during mid-day trading on Friday . The company traded as low as C$115.72 and last traded at C$119.62. Approximately 114,301 shares were traded during trading, an increase of 138% from the average daily volume of 48,121 shares. The stock had previously closed at C$139.67.

Hammond Power Solutions Stock Down 1.5%

The business's 50-day moving average is C$115.67 and its two-hundred day moving average is C$99.87. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The firm has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 21.10 and a beta of 0.84.

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.