Hammond Power Solutions (TSE:HPS.A) Stock Price Up 27.5% – Here’s What Happened

Hammond Power Solutions Inc. (TSE:HPS.AGet Free Report)’s share price traded up 27.5% during trading on Saturday . The company traded as high as C$190.51 and last traded at C$179.52. 457,940 shares were traded during trading, an increase of 804% from the average session volume of 50,685 shares. The stock had previously closed at C$140.83.

Analyst Ratings Changes

Separately, National Bankshares upped their target price on Hammond Power Solutions from C$140.00 to C$150.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of C$152.00.

Read Our Latest Research Report on HPS.A

Hammond Power Solutions Price Performance

The firm has a market cap of C$2.14 billion, a price-to-earnings ratio of 26.83 and a beta of 1.17. 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 stock’s fifty day moving average price is C$125.48 and its 200-day moving average price is C$114.35.

Insider Transactions at Hammond Power Solutions

In other Hammond Power Solutions news, Senior Officer John Henry Bailey sold 325 shares of Hammond Power Solutions stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of C$116.85, for a total value of C$37,976.25. Following the sale, the insider owned 31 shares in the company, valued at C$3,622.35. The trade was a 91.29% decrease in their ownership of the stock. 6.02% of the stock is currently owned by company insiders.

About Hammond Power Solutions

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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.

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