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

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

Analyst Upgrades and Downgrades

Separately, National Bankshares boosted 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 report on Friday, September 12th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Hammond Power Solutions has an average rating of “Buy” and a consensus target price of C$152.00.

Hammond Power Solutions Stock Performance

The business’s fifty day moving average price is C$125.48 and its 200-day moving average price 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

In other Hammond Power Solutions 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 value of C$37,976.25. Following the completion of the transaction, the insider directly 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 currently owned by insiders.

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.