Hammond Power Solutions (TSE:HPS.A) Stock Price Down 17.3% - Here's What Happened

Key Points

• Hammond Power Solutions Inc. shares fell 17.3% on Friday, with trading prices dropping to as low as C$115.35 before closing at C$115.57.
• The trading volume surged to 406,890 shares, significantly higher than the average daily volume of 50,345 shares.
• Hammond Power Solutions has a market capitalization of C$1.06 billion and operates manufacturing plants in Canada, the United States, Mexico, and India.

Shares of Hammond Power Solutions Inc. (TSE:HPS.A - ) were down 17.3% on Friday . The company traded as low as C$115.35 and last traded at C$115.57. Approximately 406,890 shares changed hands during trading, an increase of 708% from the average daily volume of 50,345 shares. The stock had previously closed at C$139.67.

Hammond Power Solutions Trading Down 17.3%

The stock has a market capitalization of C$1.06 billion, a PE ratio of 20.86 and a beta of 0.84. 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 stock has a 50 day moving average price of C$115.33 and a 200-day moving average price of C$100.11.

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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