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

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.

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

Hammond Power Solutions Stock Performance

The company has a market capitalization of C$1.06 billion, a P/E ratio of 21.03 and a beta of 0.84. The business has a 50 day moving average of C$115.05 and a 200 day moving average of C$100.17. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76.

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.

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