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

Hammond Power Solutions Inc. (TSE:HPS.A) traded up 27.5% during trading on Saturday . The stock 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.

Analysts Set New Price Targets

Separately, National Bankshares lifted their target price on shares of 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Hammond Power Solutions has an average rating of “Buy” and a consensus price target of C$152.00.

Hammond Power Solutions Stock Up 27.5%

The stock has a market capitalization of C$2.14 billion, a PE ratio of 26.83 and a beta of 1.17. The stock’s 50-day moving average price is C$125.48 and its two-hundred day moving average price is C$114.88. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03.

Insider Activity

In related news, Senior Officer John Henry Bailey sold 325 shares of Hammond Power Solutions stock in a transaction that occurred on 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 directly owned 31 shares in the company, valued at C$3,622.35. The trade was a 91.29% decrease in their ownership of the stock. 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.