Hammond Power Solutions (TSE:HPS.A) Shares Down 15.9% - Time to Sell?

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 - Get Free Report)'s share price was down 15.9% during mid-day trading on Friday . The stock traded as low as C$115.54 and last traded at C$117.42. Approximately 291,723 shares were traded during 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 Trading Down 1.5%

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's fifty day simple moving average is C$115.67 and its 200-day simple moving average is C$99.87. The stock has a market cap of C$1.07 billion, a P/E 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.