Hammond Power Solutions (OTCMKTS:HMDPF) Stock Price Up 4.1% – Time to Buy?

Hammond Power Solutions Inc. (OTCMKTS:HMDPFGet Free Report) rose 4.1% during trading on Wednesday . The company traded as high as C$150.86 and last traded at C$145.76. Approximately 18,348 shares were traded during mid-day trading, an increase of 190% from the average daily volume of 6,333 shares. The stock had previously closed at C$140.00.

Hammond Power Solutions Stock Up 4.1%

The business’s 50 day simple moving average is C$140.54 and its 200 day simple moving average is C$124.46.

About Hammond Power Solutions

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Hammond Power Solutions Inc, headquartered in Guelph, Ontario, Canada, is a designer and manufacturer of dry-type transformers and related electrical distribution equipment. Since its founding in 1979, the company has built a reputation for delivering both standard and custom power distribution solutions tailored to a wide range of industrial, commercial and utility applications.

The company’s product portfolio includes single-phase and three-phase dry-type transformers, cast-resin transformers, voltage regulators, magnetic chokes, distribution transformers and specialty magnetic components such as cast copper products and amorphous core units.

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