Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s share price was up 27.5% during trading on Saturday . The stock traded as high as C$190.51 and last traded at C$179.52. Approximately 457,940 shares changed hands during trading, an increase of 804% from the average daily volume of 50,685 shares. The stock had previously closed at C$140.83.
Analyst Upgrades and Downgrades
Separately, National Bankshares boosted their price target on Hammond Power Solutions from C$140.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$152.00.
Check Out Our Latest Stock Report on HPS.A
Hammond Power Solutions Stock Performance
The stock has a 50-day simple moving average of C$125.48 and a 200-day simple moving average of C$114.35. The company has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 26.83 and a beta of 1.17. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76.
Insider Activity
In other Hammond Power Solutions news, Senior Officer John Henry Bailey sold 325 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of C$116.85, for a total value of C$37,976.25. Following the transaction, the insider directly owned 31 shares of the company's stock, valued at C$3,622.35. This represents a 91.29% decrease in their position. 6.02% of the stock is currently owned by insiders.
About Hammond Power Solutions
(
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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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