Hammond Power Solutions (TSE:HPS.A) Shares Down 17.3% - Time to Sell?

Key Points

• Hammond Power Solutions stock fell 17.3%, trading as low as C$115.35 before recovering slightly to C$115.57.
• The trading volume increased dramatically with 406,890 shares changing hands, up 708% from the average session volume.
• The company's market capitalization stands at C$1.06 billion, with a debt-to-equity ratio of 10.76 and a price-to-earnings ratio of 20.86.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) dropped 17.3% during mid-day trading on Saturday . The company traded as low as C$115.35 and last traded at C$115.57. Approximately 406,890 shares traded 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 Price 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 has a market cap of C$1.07 billion, a P/E ratio of 21.10 and a beta of 0.84. The company's 50 day simple moving average is C$115.67 and its 200 day simple moving average is C$99.87.

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.