Hammond Power Solutions (TSE:HPS.A) Stock Price Up 27.5% – Still a Buy?

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

Wall Street Analysts Forecast Growth

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

Hammond Power Solutions Stock Performance

The firm has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 26.83 and a beta of 1.17. 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 50 day moving average price of C$125.48 and a 200-day moving average price 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 the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of C$116.85, for a total value of C$37,976.25. Following the sale, the insider owned 31 shares of the company’s stock, valued at C$3,622.35. This trade represents a 91.29% decrease in their position. 6.02% of the stock is owned by corporate insiders.

About Hammond Power Solutions

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.