Hammond Power Solutions (OTCMKTS:HMDPF) Trading 4% Higher – Here’s What Happened

Shares of Hammond Power Solutions Inc. (OTCMKTS:HMDPF) were up 4% on Friday . The company traded as high as C$134.10 and last traded at C$134.10. Approximately 4,100 shares traded hands during trading, a decline of 20% from the average daily volume of 5,153 shares. The stock had previously closed at C$128.99.

Wall Street Analyst Weigh In

Separately, National Bankshares reiterated an “outperform” rating on shares of Hammond Power Solutions in a research note on Monday, October 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Hammond Power Solutions Stock Up 4.0%

The stock has a fifty day moving average of C$121.04 and a 200-day moving average of C$106.76.

About Hammond Power Solutions

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.