Hammond Power Solutions (OTCMKTS:HMDPF) Shares Down 5.1% – What’s Next?

Hammond Power Solutions Inc. (OTCMKTS:HMDPF)’s stock price fell 5.1% during trading on Monday . The company traded as low as C$147.50 and last traded at C$147.50. 1,455 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 4,691 shares. The stock had previously closed at C$155.41.

Analysts Set New Price Targets

Separately, National Bank Financial reiterated an “outperform” rating on shares of Hammond Power Solutions in a research report on Monday, October 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Hammond Power Solutions currently has an average rating of “Buy”.

Hammond Power Solutions Stock Performance

The firm’s 50 day simple moving average is C$128.23 and its 200 day simple moving average is C$113.07.

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.