Adrian David Thomas Buys 300 Shares of Hammond Power Solutions Inc. (TSE:HPS.A) Stock

Hammond Power Solutions Inc. (TSE:HPS.A) Senior Officer Adrian David Thomas acquired 300 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average price of C$78.18 per share, with a total value of C$23,454.00.

Hammond Power Solutions Stock Down 4.3 %

TSE:HPS.A traded down C$3.45 during trading hours on Monday, reaching C$76.00. 34,080 shares of the stock were exchanged, compared to its average volume of 55,038. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. Hammond Power Solutions Inc. has a twelve month low of C$73.98 and a twelve month high of C$160.51. The stock has a market cap of C$693.88 million, a PE ratio of 13.72 and a beta of 0.84. The firm has a 50 day moving average of C$92.80 and a 200 day moving average of C$118.04.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HPS.A. Canaccord Genuity Group decreased their price objective on Hammond Power Solutions from C$162.00 to C$158.00 and set a “buy” rating for the company in a research report on Monday, March 24th. Acumen Capital lowered their price objective on shares of 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. Finally, National Bankshares cut their price objective on shares of Hammond Power Solutions from C$170.00 to C$140.00 and set an “outperform” rating on the stock in a research report on Monday, March 24th.

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.