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

Hammond Power Solutions logo with Computer and Technology background

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.
  • Looking to export and analyze Hammond Power Solutions data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s stock price was down 17.3% 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 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 Price Performance

The stock has a market cap of C$1.10 billion, a price-to-earnings ratio of 21.76 and a beta of 0.84. The stock's 50 day moving average price is C$115.98 and its two-hundred day moving average price is C$99.99. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76.

About Hammond Power Solutions

(Get Free Report)

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.

See Also

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