Hammond Power Solutions (TSE:HPS.A) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Hammond Power Solutions Inc. (TSE:HPS.A) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$124.83 and traded as low as C$124.50. Hammond Power Solutions shares last traded at C$125.54, with a volume of 28,251 shares traded.

Analyst Ratings Changes

Separately, National Bankshares lifted their price objective on Hammond Power Solutions from C$170.00 to C$175.00 and gave the stock an “outperform” rating in a report on Tuesday, October 15th.

Hammond Power Solutions Trading Up 1.3 %

The stock has a fifty day moving average of C$127.82 and a 200 day moving average of C$124.83. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The company has a market capitalization of C$1.15 billion, a PE ratio of 22.66 and a beta of 0.84.

Insider Buying and Selling

In other news, Director Dahra Granovsky acquired 1,500 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average cost of C$117.03 per share, with a total value of C$175,537.50. 6.02% of the stock is owned by insiders.

About Hammond Power Solutions

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.