Hammond Power Solutions (TSE:HPS.A) Trading Down 16.5% - Here's What Happened

Key Points

• Hammond Power Solutions Inc. shares dropped 16.5% on Friday, trading as low as C$115.54 before closing at C$116.62.
• The company reported a market capitalization of C$1.06 billion and a P/E ratio of 20.95, indicating its valuation in relation to earnings.
• With a debt-to-equity ratio of 10.76, Hammond Power Solutions has a solid liquidity position, reflected in its quick ratio of 1.06 and current ratio of 2.03.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s share price was down 16.5% on Friday . The stock traded as low as C$115.54 and last traded at C$116.62. Approximately 361,900 shares changed hands during mid-day trading, an increase of 628% from the average daily volume of 49,695 shares. The stock had previously closed at C$139.67.

Hammond Power Solutions Price Performance

The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. The company's fifty day moving average is C$115.67 and its two-hundred day moving average is C$99.87. The stock has a market cap 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.