Hammond Power Solutions (TSE:HPS.A) Shares Up 0.5% – Still a Buy?

Posted by Defense World Staff on Dec 5th, 2024

Hammond Power Solutions Inc. (TSE:HPS.A – Get Free Report)’s share price rose 0.5% on Wednesday . The stock traded as high as C$139.80 and last traded at C$138.51. Approximately 26,218 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 74,375 shares. The stock had previously closed at C$137.77.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Acumen Capital increased their target price on shares of Hammond Power Solutions from C$156.00 to C$160.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. 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 report on Tuesday, October 15th.

Get Our Latest Research Report on HPS.A

Hammond Power Solutions Stock Performance

The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The company has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 25.00 and a beta of 0.84. The firm’s fifty day simple moving average is C$135.66 and its 200 day simple moving average is C$121.21.

Insider Activity

In other news, Director Dahra Granovsky purchased 1,500 shares of Hammond Power Solutions stock in a transaction on Tuesday, November 5th. The stock was purchased at an average price of C$117.03 per share, with a total value of C$175,537.50. 6.02% of the stock is owned by corporate insiders.

About Hammond Power Solutions

(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.