National Bankshares Upgrades Hammond Power Solutions (TSE:HPS.A) to “Outperform”

Hammond Power Solutions (TSE:HPS.A) was upgraded by equities researchers at National Bankshares from a “sector perform” rating to an “outperform” rating in a note issued to investors on Tuesday, BayStreet.CA reports.

Separately, Canaccord Genuity Group raised their target price on Hammond Power Solutions from C$85.00 to C$167.00 in a research note on Monday, April 1st.

Hammond Power Solutions Stock Performance

Shares of HPS.A opened at C$103.78 on Tuesday. Hammond Power Solutions has a 12 month low of C$39.55 and a 12 month high of C$160.51. The stock has a fifty day moving average price of C$129.66 and a 200-day moving average price of C$98.58. The company has a current ratio of 1.97, a quick ratio of 1.06 and a debt-to-equity ratio of 14.88. The firm has a market cap of C$947.51 million, a PE ratio of 20.07 and a beta of 0.71.

About Hammond Power Solutions

Hammond Power Solutions Inc, together with its subsidiaries, designs, manufactures, and sells dry-type, cast resin, and liquid filled transformers, as well as wound magnetic products for the electrical and related industries. The company provides control and automation products, including molded machine tool industrial control, industrial open core and coil control, general purpose enclosed, encapsulated control, and energy efficient drive isolation transformers, as well as reactors, DV/DT filters, and motor starting autotransformers.