Hammond Power Solutions (TSE:HPS.A) Stock Crosses Below 200-Day Moving Average of $110.31

Shares of Hammond Power Solutions Inc. (TSE:HPS.A) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$110.31 and traded as low as C$106.10. Hammond Power Solutions shares last traded at C$106.72, with a volume of 31,845 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of Hammond Power Solutions from C$85.00 to C$167.00 in a research report on Monday, April 1st. National Bankshares upgraded shares of Hammond Power Solutions from a “sector perform” rating to an “outperform” rating in a report on Tuesday, April 30th.

Hammond Power Solutions Trading Down 0.9 %

The firm has a market cap of C$974.35 million, a price-to-earnings ratio of 22.80 and a beta of 0.82. The company has a debt-to-equity ratio of 17.29, a quick ratio of 1.06 and a current ratio of 1.84. The company has a 50 day moving average price of C$111.13 and a 200 day moving average price of C$110.31.

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.