Hammond Power Solutions (TSE:HPS.A) Stock Price Down 10% – What’s Next?

Hammond Power Solutions Inc. (TSE:HPS.AGet Free Report)’s stock price fell 10% during mid-day trading on Wednesday . The stock traded as low as C$121.23 and last traded at C$124.85. 85,937 shares were traded during trading, an increase of 13% from the average session volume of 76,048 shares. The stock had previously closed at C$138.79.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Acumen Capital upped their price objective on shares of Hammond Power Solutions from C$156.00 to C$160.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Canaccord Genuity Group upped their price target on Hammond Power Solutions from C$167.00 to C$169.00 and gave the company a “buy” rating in a report on Monday, July 29th. Finally, National Bankshares lifted their price objective on Hammond Power Solutions from C$170.00 to C$175.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th.

Check Out Our Latest Research Report on HPS.A

Hammond Power Solutions Stock Down 8.5 %

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 business’s fifty day moving average price is C$131.95 and its 200 day moving average price is C$120.03. The company has a market capitalization of C$1.16 billion, a P/E ratio of 22.93 and a beta of 0.84.

Hammond Power Solutions Company Profile

(Get Free Report)

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.

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