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

Key Points

• Hammond Power Solutions Inc. shares experienced a significant drop of 17.3% on Saturday, closing at C$115.57, following a prior close of C$139.67.
• The trading volume spiked to approximately 406,890 shares, marking an increase of 708% from the average daily volume of 50,345 shares.
• The company operates in the electrical industry, designing and manufacturing various types of transformers and serves markets across Canada, the U.S., Mexico, and India.

Shares of Hammond Power Solutions Inc. (TSE:HPS.A - ) fell 17.3% 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 Price Performance

The stock has a fifty day moving average of C$115.33 and a two-hundred day moving average of C$100.11. The stock has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 20.86 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.

Hammond Power Solutions Company Profile

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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