Hammond Power Solutions (TSE:HPS.A) Hits New 12-Month High at $160.00

Hammond Power Solutions Inc. (TSE:HPS.A)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$160.00 and last traded at C$159.04, with a volume of 9516 shares traded. The stock had previously closed at C$156.00.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HPS.A shares. Canaccord Genuity Group upped their price target on Hammond Power Solutions from C$85.00 to C$167.00 in a research note on Monday, April 1st. National Bankshares set a C$164.00 price target on Hammond Power Solutions and gave the company a “sector perform” rating in a research note on Wednesday, April 10th.

Hammond Power Solutions Trading Down 0.2 %

The company has a current ratio of 1.97, a quick ratio of 1.06 and a debt-to-equity ratio of 14.88. The company has a market capitalization of C$1.42 billion, a P/E ratio of 30.13 and a beta of 0.71. The business has a 50 day moving average price of C$122.87 and a 200 day moving average price of C$92.09.

Hammond Power Solutions Company Profile

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.