Hammond Power Solutions (TSE:HPS.A) Share Price Crosses Above 50 Day Moving Average of $126.14

Hammond Power Solutions Inc. (TSE:HPS.A)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$126.14 and traded as high as C$132.66. Hammond Power Solutions shares last traded at C$123.22, with a volume of 190,337 shares changing hands.

Wall Street Analysts Forecast Growth

HPS.A has been the subject of a number of research analyst reports. National Bankshares set a C$164.00 target price on Hammond Power Solutions and gave the company a “sector perform” rating in a report on Wednesday, April 10th. Canaccord Genuity Group increased their target price on Hammond Power Solutions from C$85.00 to C$167.00 in a report on Monday, April 1st.

Hammond Power Solutions Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.97 and a debt-to-equity ratio of 14.88. The stock has a market capitalization of C$1.12 billion, a price-to-earnings ratio of 23.83 and a beta of 0.71. The company’s 50-day simple moving average is C$126.53 and its 200 day simple moving average is C$95.20.

About Hammond Power Solutions

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.