Hammond Power Solutions (TSE:HPS.A) Reaches New 52-Week Low – Time to Sell?

Hammond Power Solutions Inc. (TSE:HPS.A)’s share price 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. The stock had previously closed at C$104.46.

Wall Street Analyst Weigh In

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

Hammond Power Solutions Stock Performance

The stock has a market cap of C$897.11 million, a P/E ratio of 17.74 and a beta of 0.84. The company has a fifty day moving average price of C$125.61 and a 200 day moving average price of C$125.25. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06.

Insider Buying and Selling at Hammond Power Solutions

In other Hammond Power Solutions news, Director Dahra Granovsky purchased 1,500 shares of Hammond Power Solutions stock in a transaction on Tuesday, November 5th. The shares were acquired at an average cost of C$117.03 per share, for a total transaction of C$175,537.50. Corporate insiders own 6.02% of the company’s stock.

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.