Hammond Power Solutions (TSE:HPS.A) Sets New 52-Week Low – Here’s What Happened

Hammond Power Solutions Inc. (TSE:HPS.A) shares reached a new 52-week low during trading on Monday . The company traded as low as C$90.00 and last traded at C$99.91, with a volume of 21949 shares trading hands. The stock had previously closed at C$104.46.

Wall Street Analysts Forecast Growth

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

Hammond Power Solutions Stock Up 2.3 %

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 stock has a market capitalization of C$936.83 million, a PE ratio of 18.52 and a beta of 0.84. The company has a 50 day moving average price of C$123.99 and a 200-day moving average price of C$125.19.

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.