Hammond Power Solutions (TSE:HPS.A) Stock Price Down 15.9% - Here's Why

Key Points

• Hammond Power Solutions Inc. experienced a significant decline in stock price, down 15.9% on Friday, trading as low as C$115.54.
• Volume surged to approximately 291,723 shares, which is a 489% increase from the average daily volume of 49,513 shares.
• The company's market cap is around C$1.06 billion, with key ratios including a P/E ratio of 21.03 and a debt-to-equity ratio of 10.76.
• Hammond Power Solutions specializes in manufacturing customized electrical equipment, servicing industries across Canada, the US, Mexico, and India.

Hammond Power Solutions Inc. (TSE:HPS.A - ) was down 15.9% on Friday . The stock traded as low as C$115.54 and last traded at C$117.42. Approximately 291,723 shares changed hands during mid-day trading, an increase of 489% from the average daily volume of 49,513 shares. The stock had previously closed at C$139.67.

Hammond Power Solutions Stock Down 16.6%

The firm has a 50 day simple moving average of C$115.05 and a two-hundred day simple moving average of C$100.17. 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 stock has a market cap of C$1.06 billion, a P/E ratio of 21.03 and a beta of 0.84.

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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