Hammond Power Solutions (TSE:HPS.A) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Hammond Power Solutions Inc. (TSE:HPS.A) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$124.31 and traded as low as C$114.25. Hammond Power Solutions shares last traded at C$114.81, with a volume of 24,206 shares.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HPS.A shares. Acumen Capital upped their price target on Hammond Power Solutions from C$156.00 to C$160.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. National Bankshares upped their target price on Hammond Power Solutions from C$170.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th.

Hammond Power Solutions Price Performance

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 company’s fifty day simple moving average is C$128.19 and its 200-day simple moving average is C$124.25. The stock has a market cap of C$1.07 billion, a P/E ratio of 21.12 and a beta of 0.84.

Insiders Place Their Bets

In other Hammond Power Solutions news, Director Dahra Granovsky purchased 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average cost of C$117.03 per share, for a total transaction of C$175,537.50. Corporate insiders own 6.02% of the company’s stock.

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.