Hammond Power Solutions (TSE:HPS.A) Shares Cross Above 50-Day Moving Average – Should You Sell?

Shares of Hammond Power Solutions Inc. (TSE:HPS.A) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$143.99 and traded as high as C$183.79. Hammond Power Solutions shares last traded at C$178.47, with a volume of 77,815 shares.

Wall Street Analyst Weigh In

Several research firms have commented on HPS.A. Canaccord Genuity Group boosted their price objective on Hammond Power Solutions from C$154.00 to C$211.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. National Bankshares lifted their price target on Hammond Power Solutions from C$150.00 to C$195.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$184.67.

Hammond Power Solutions Stock Down 1.3%

The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The firm has a market capitalization of C$2.12 billion, a PE ratio of 26.32 and a beta of 0.92. The business has a 50-day moving average price of C$143.99 and a 200-day moving average price of C$124.87.

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.