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

Hammond Power Solutions Inc. (TSE:HPS.A) rose 27.5% 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.

Analyst Ratings Changes

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

Hammond Power Solutions Stock Performance

The stock has a market capitalization of C$2.14 billion, a price-to-earnings ratio of 26.83 and a beta of 1.17. The firm has a fifty day moving average of C$125.48 and a 200 day moving average of 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.

Insider Buying and Selling

In other Hammond Power Solutions news, Senior Officer John Henry Bailey sold 325 shares of the firm’s 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 of the company’s stock, valued at approximately C$3,622.35. This trade represents a 91.29% decrease in their ownership of the stock. 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.