Hammond Power Solutions (TSE:HPS.A) Hits New 1-Year Low – Time to Sell?

Hammond Power Solutions Inc. (TSE:HPS.A) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$92.20 and last traded at C$94.69, with a volume of 50018 shares changing hands. The stock had previously closed at C$94.53.

Wall Street Analyst Weigh In

Separately, National Bankshares raised their target price on shares of 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’s 50-day simple moving average is C$118.95 and its 200-day simple moving average is C$124.74. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The company has a market cap of C$825.63 million, a price-to-earnings ratio of 16.32 and a beta of 0.84.

About Hammond Power Solutions

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.