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

Hammond Power Solutions Inc. (TSE:HPS.A) shares traded up 27.5% during mid-day 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 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 increased their price target on shares of Hammond Power Solutions from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$152.00.

Hammond Power Solutions Price Performance

The stock’s 50 day moving average is C$125.48 and its two-hundred day moving average is C$114.88. 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 stock has a market capitalization of C$2.14 billion, a PE ratio of 26.83 and a beta of 1.17.

Insider Buying and Selling at Hammond Power Solutions

In related news, Senior Officer John Henry Bailey sold 325 shares of the company’s 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 sale, the insider directly owned 31 shares in the company, valued at approximately C$3,622.35. This represents 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.