Hammond Power Solutions (TSE:HPS.A) Trading Down 17.3% - What's Next?

Key Points

• Hammond Power Solutions Inc. saw its stock price drop by 17.3%, closing at C$115.57 after trading as low as C$115.35.
• The company experienced a significant increase in trading volume, with approximately 406,890 shares traded, marking 708% of its average daily volume.
• Hammond Power Solutions specializes in designing and manufacturing custom electrical magnetics and transformers, operating plants in Canada, the U.S., Mexico, and India.

Hammond Power Solutions Inc. (TSE:HPS.A - ) was down 17.3% during trading on Saturday . The company traded as low as C$115.35 and last traded at C$115.57. Approximately 406,890 shares were traded 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 Performance

The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The firm's 50 day simple moving average is C$115.33 and its 200 day simple moving average is C$99.98. The firm has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 20.86 and a beta of 0.84.

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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