Hammond Power Solutions Inc. (TSE:HPS.A - Get Free Report)'s stock price was up 27.5% during mid-day trading on Friday . The stock traded as high as C$190.51 and last traded at C$179.52. Approximately 457,940 shares traded hands during mid-day 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 increased their price objective on shares of Hammond Power Solutions from C$140.00 to C$150.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of C$152.00.
View Our Latest Stock Report on HPS.A
Hammond Power Solutions Stock Up 27.5%
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 has a market capitalization of C$2.14 billion, a P/E ratio of 26.83 and a beta of 1.17. The stock has a fifty day moving average price of C$124.43 and a two-hundred day moving average price of C$113.60.
Insider Buying and Selling at Hammond Power Solutions
In other news, Senior Officer John Henry Bailey sold 325 shares of the business'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 completion of the sale, the insider directly owned 31 shares in the company, valued at approximately C$3,622.35. The trade was a 91.29% decrease in their position. Company insiders own 6.02% of the company's stock.
Hammond Power Solutions Company Profile
(
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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.
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