Free Trial

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

Hammond Power Solutions logo with Computer and Technology background

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.
  • Want stock alerts on Hammond Power Solutions? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report) shares fell 17.3% on Saturday . The stock traded as low as C$115.35 and last traded at C$115.57. 406,890 shares were traded during mid-day 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 Trading Up 3.1%

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 has a market capitalization of C$1.10 billion, a P/E ratio of 21.76 and a beta of 0.84. The firm has a 50-day moving average of C$115.98 and a two-hundred day moving average of C$99.99.

About Hammond Power Solutions

(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.

Featured Stories

Should You Invest $1,000 in Hammond Power Solutions Right Now?

Before you consider Hammond Power Solutions, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hammond Power Solutions wasn't on the list.

While Hammond Power Solutions currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Next Tech Boom: AI Robots Are Coming Sooner Than You Think!
Tech Stocks Stumble: Will Nvidia’s Report Spark a Rebound?
Follow the Money: 5 Stocks Institutions Are Buying NOW

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines