Hammond Power Solutions (TSE:HPS.A) Trading 27.5% Higher – What’s Next?

Hammond Power Solutions Inc. (TSE:HPS.A) 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 were traded 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.

Wall Street Analyst Weigh In

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

Hammond Power Solutions Stock Performance

The company’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. The stock has a market cap 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 other news, Senior Officer John Henry Bailey sold 325 shares of the firm’s stock in a transaction 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 owned 31 shares in the company, valued at approximately C$3,622.35. This trade represents a 91.29% decrease in their position. Company insiders own 6.02% of the company’s stock.

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.