Hammond Power Solutions (TSE:HPS.A) Shares Up 27.5% – Should You Buy?

Hammond Power Solutions Inc. (TSE:HPS.A)’s share price traded up 27.5% during trading on Saturday . The company traded as high as C$190.51 and last traded at C$179.52. 457,940 shares traded hands during mid-day trading, an increase of 804% from the average session volume of 50,685 shares. The stock had previously closed at C$140.83.

Analyst Upgrades and Downgrades

Separately, National Bankshares raised their target price on Hammond Power Solutions from C$140.00 to C$150.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$152.00.

Hammond Power Solutions Price Performance

The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The firm has a market cap of C$2.14 billion, a PE ratio of 26.83 and a beta of 1.17. The firm has a 50-day simple moving average of C$125.48 and a 200 day simple moving average of C$114.88.

Insider Transactions at Hammond Power Solutions

In other Hammond Power Solutions news, Senior Officer John Henry Bailey sold 325 shares of Hammond Power Solutions stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of C$116.85, for a total transaction of C$37,976.25. Following the transaction, the insider owned 31 shares of the company’s stock, valued at C$3,622.35. The trade was a 91.29% decrease in their ownership of the stock. Corporate insiders own 6.02% of the company’s stock.

Hammond Power Solutions Company Profile

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.