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

Hammond Power Solutions logo with Computer and Technology background

Key Points

  • Hammond Power Solutions' stock price fell by 17.3%, dropping from a previous close of C$139.67 to approximately C$115.57 during mid-day trading.
  • Trading volume surged to around 406,890 shares, marking a significant increase of 708% compared to the normal average daily volume.
  • The company, which specializes in custom electrical magnetics and transformers, has manufacturing facilities in Canada, the US, Mexico, and India.
  • 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) shares dropped 17.3% during trading on Saturday . The company traded as low as C$115.35 and last traded at C$115.57. 406,890 shares were traded 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 Stock Up 3.1%

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 company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. The firm's 50 day moving average is C$115.98 and its two-hundred day moving average is C$99.99.

Hammond Power Solutions Company Profile

(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.

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