Hammond Power Solutions (TSE:HPS.A) Shares Down 17.3% – Time to Sell?

Hammond Power Solutions Inc. (TSE:HPS.AGet Free Report)’s stock price dropped 17.3% during trading on Saturday . The company traded as low as C$115.35 and last traded at C$115.57. Approximately 406,890 shares traded hands during mid-day trading, an increase of 708% from the average daily volume of 50,345 shares. The stock had previously closed at C$139.67.

Hammond Power Solutions Price Performance

The company has a market cap of C$1.06 billion, a PE ratio of 20.86 and a beta of 0.84. The stock has a 50-day simple moving average of C$115.33 and a 200 day simple moving average of C$99.86. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76.

Hammond Power Solutions Company Profile

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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.

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