Hammond Power Solutions (TSE:HPS.A) Hits New 1-Year Low – Here’s What Happened

Hammond Power Solutions Inc. (TSE:HPS.A)’s share price reached a new 52-week low on Friday . The stock traded as low as C$73.50 and last traded at C$73.50, with a volume of 20468 shares changing hands. The stock had previously closed at C$80.03.

Analysts Set New Price Targets

HPS.A has been the topic of a number of research analyst reports. Canaccord Genuity Group dropped their price objective on shares of Hammond Power Solutions from C$162.00 to C$158.00 and set a “buy” rating on the stock in a report on Monday, March 24th. National Bankshares dropped their price target on Hammond Power Solutions from C$170.00 to C$140.00 and set an “outperform” rating on the stock in a research note on Monday, March 24th. Finally, Acumen Capital reduced their price objective on Hammond Power Solutions from C$160.00 to C$148.00 and set a “buy” rating for the company in a research report on Monday, March 24th.

Hammond Power Solutions Price Performance

The firm has a market cap of C$673.15 million, a price-to-earnings ratio of 13.31 and a beta of 0.84. The company’s fifty day moving average is C$88.35 and its 200 day moving average is C$116.55. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76.

Insiders Place Their Bets

In other news, Director Frederick Maurice Jaques sold 500 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of C$89.29, for a total value of C$44,645.00. Insiders own 6.02% of the company’s stock.

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.