Hammond Power Solutions (TSE:HPS.A) Trading Down 17.3% – Here’s What Happened

Hammond Power Solutions Inc. (TSE:HPS.AGet Free Report)’s stock price dropped 17.3% on Saturday . The company traded as low as C$115.35 and last traded at C$115.57. Approximately 406,890 shares were traded during 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 quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The stock has a market cap of C$1.06 billion, a P/E ratio of 20.86 and a beta of 0.84. The business’s 50-day simple moving average is C$115.33 and its two-hundred day simple moving average is C$99.86.

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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