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

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.

Hammond Power Solutions Inc. (TSE:HPS.A - ) shares dropped 17.3% on Friday . 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 Stock Performance

The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of 20.86 and a beta of 0.84. The stock has a 50 day simple moving average of C$115.05 and a 200 day simple moving average of C$100.17.

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.

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