Hammond Power Solutions Inc. (TSE:HPS.A) Director Sells C$44,645.00 in Stock

Hammond Power Solutions Inc. (TSE:HPS.A) Director Frederick Maurice Jaques sold 500 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$89.29, for a total transaction of C$44,645.00.

Hammond Power Solutions Stock Down 4.2 %

TSE:HPS.A opened at C$76.10 on Tuesday. Hammond Power Solutions Inc. has a 1 year low of C$73.98 and a 1 year high of C$160.51. The stock has a 50-day moving average price of C$91.91 and a two-hundred day moving average price of C$117.76. The stock has a market cap of C$694.79 million, a price-to-earnings ratio of 13.74 and a beta of 0.84. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Canaccord Genuity Group lowered their target price on Hammond Power Solutions from C$162.00 to C$158.00 and set a “buy” rating for the company in a research note on Monday, March 24th. Acumen Capital dropped their target price on shares of Hammond Power Solutions from C$160.00 to C$148.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Finally, National Bankshares reduced their price target on Hammond Power Solutions from C$170.00 to C$140.00 and set an “outperform” rating on the stock in a research report on Monday, March 24th.

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.