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

Key Points

• Hammond Power Solutions Inc. stock price dropped 17.3%, trading as low as C$115.35 from a previous close of C$139.67.
• The trading volume increased by 708% compared to the average session volume, indicating heightened market activity.
• The company, engaged in manufacturing electrical magnetics and transformers, has a market cap of C$1.06 billion and a PE ratio of 20.86.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s stock price fell 17.3% on Saturday . The company traded as low as C$115.35 and last traded at C$115.57. 406,890 shares changed hands during trading, an increase of 708% from the average session volume of 50,345 shares. The stock had previously closed at C$139.67.

Hammond Power Solutions Price Performance

The firm has a market capitalization of C$1.10 billion, a PE ratio of 21.76 and a beta of 0.84. The business has a 50-day moving average of C$115.98 and a 200 day moving average of C$99.99. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76.

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.