Hammond Power Solutions (TSE:HPS.A) Reaches New 52-Week Low – Time to Sell?

Hammond Power Solutions Inc. (TSE:HPS.A)’s share price reached a new 52-week low on Friday . The stock traded as low as C$73.50 and last traded at C$73.50, with a volume of 20468 shares changing hands. The stock had previously closed at C$80.03.

Analyst Ratings Changes

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

Hammond Power Solutions Trading Down 7.9 %

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 capitalization of C$673.15 million, a price-to-earnings ratio of 13.31 and a beta of 0.84. The business’s 50-day moving average price is C$88.35 and its two-hundred day moving average price is C$116.55.

Insider Buying and Selling at Hammond Power Solutions

In other news, Director Frederick Maurice Jaques sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$89.29, for a total transaction of C$44,645.00. Insiders own 6.02% of the company’s stock.

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.