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

Hammond Power Solutions Inc. (TSE:HPS.AGet Free Report) shares were down 17.3% on Saturday . The stock traded as low as C$115.35 and last traded at C$115.57. Approximately 406,890 shares changed hands 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 Trading Down 17.3%

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

About Hammond Power Solutions

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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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