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

Key Points

• Hammond Power Solutions Inc. experienced a significant stock price drop of 15.9%, trading as low as C$115.54 before stabilizing at C$117.45.
• Approximately 290,323 shares were traded, marking an increase of 486% from its average daily volume.
• The company holds a market capitalization of C$1.06 billion and has a P/E ratio of 21.03.
• Hammond Power Solutions specializes in designing and manufacturing various types of electrical transformers and operates manufacturing plants in Canada, the U.S., Mexico, and India.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) shares traded down 15.9% on Friday . The company traded as low as C$115.54 and last traded at C$117.45. 290,323 shares were traded during mid-day trading, an increase of 486% from the average session volume of 49,513 shares. The stock had previously closed at C$139.67.

Hammond Power Solutions Stock Performance

The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The stock's 50 day simple moving average is C$115.67 and its two-hundred 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.

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.