Frederick Maurice Jaques Sells 500 Shares of Hammond Power Solutions Inc. (TSE:HPS.A) Stock

Hammond Power Solutions Inc. (TSE:HPS.A) Director Frederick Maurice Jaques sold 500 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of C$89.29, for a total transaction of C$44,645.00.

Hammond Power Solutions Stock Performance

Shares of HPS.A opened at C$79.45 on Monday. 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 firm’s 50 day moving average is C$92.80 and its 200-day moving average is C$118.04. Hammond Power Solutions Inc. has a 12-month low of C$73.98 and a 12-month high of C$160.51. The stock has a market capitalization of C$725.38 million, a P/E ratio of 14.34 and a beta of 0.84.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HPS.A shares. Acumen Capital decreased their price objective on shares of Hammond Power Solutions from C$160.00 to C$148.00 and set a “buy” rating for the company in a report on Monday, March 24th. Canaccord Genuity Group decreased their price target on Hammond Power Solutions from C$162.00 to C$158.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Finally, National Bankshares lowered their price target on Hammond Power Solutions from C$170.00 to C$140.00 and set an “outperform” rating on the stock in a research report on Monday, March 24th.

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.