Hammond Power Solutions (TSE:HPS.A) Stock Price Down 17.3% - Here's Why

Key Points

• Hammond Power Solutions Inc. saw a significant drop in its share price, trading down 17.3% to C$115.57, following a session where trading volume increased by 708% compared to the daily average.
• The company's market capitalization stands at C$1.06 billion, with a P/E ratio of 20.86 and a debt-to-equity ratio of 10.76.
• Hammond Power Solutions designs and manufactures various types of transformers, serving the electrical and electronic industries with manufacturing locations in Canada, the U.S., Mexico, and India.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) shares were 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 changed 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 Stock Up 3.1%

The stock has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 21.76 and a beta of 0.84. The business's 50-day moving average is C$115.98 and its two-hundred day moving average 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

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.