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

Hammond Power Solutions logo with Computer and Technology background

Key Points

  • Hammond Power Solutions (TSE:HPS.A) shares dropped 17.3% on Friday, closing at C$115.57 after trading as low as C$115.35.
  • The trading volume increased dramatically, with approximately 406,890 shares changing hands, which is a 708% increase from the average daily volume.
  • The company specializes in designing and manufacturing custom electrical magnetics and has manufacturing facilities in Canada, the United States, Mexico, and India.
  • Need better tools to track Hammond Power Solutions? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s share price was down 17.3% during mid-day trading on Friday . The stock 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 Trading Down 2.9%

The stock has a 50-day simple moving average of C$115.67 and a two-hundred day simple moving average of C$99.87. The firm has a market cap of C$1.05 billion, a PE ratio of 20.81 and a beta of 0.84. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03.

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.

See Also

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