Hammond Power Solutions (TSE:HPS.A) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

Hammond Power Solutions Inc. (TSE:HPS.A)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$121.71 and traded as low as C$91.25. Hammond Power Solutions shares last traded at C$95.41, with a volume of 81,697 shares traded.

Analysts Set New Price Targets

Separately, National Bankshares increased their target price on shares of Hammond Power Solutions from C$170.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 15th.

Hammond Power Solutions Stock Up 0.9 %

The stock has a market cap of C$871.09 million, a P/E ratio of 17.22 and a beta of 0.84. 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 business has a 50-day simple moving average of C$121.71 and a 200-day simple moving average of C$125.02.

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.