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

Key Points

• Hammond Power Solutions Inc. saw a significant stock price drop of 17.3%, trading as low as C$115.35 during mid-day trading.
• The company experienced a sharp increase in trading volume, with approximately 406,890 shares exchanged, marking a 708% rise compared to its average daily volume.
• Hammond Power Solutions holds a market capitalization of C$1.06 billion and maintains a debt-to-equity ratio of 10.76, indicating high leverage.

Shares of Hammond Power Solutions Inc. (TSE:HPS.A - ) 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 changed hands during mid-day 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 company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The stock's fifty day moving average is C$115.33 and its 200 day moving average is C$99.98. The stock has a market cap of C$1.06 billion, a P/E ratio of 20.86 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.

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