Hammond Power Solutions Inc. (TSE:HPS.A) Director Frederick Maurice Jaques Sells 500 Shares

Hammond Power Solutions Inc. (TSE:HPS.A) Director Frederick Maurice Jaques sold 500 shares of Hammond Power Solutions 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 transaction of C$44,645.00.

Hammond Power Solutions Price Performance

Shares of TSE:HPS.A opened at C$79.45 on Monday. The firm has a market cap of C$725.38 million, a price-to-earnings ratio of 14.34 and a beta of 0.84. Hammond Power Solutions Inc. has a 1 year low of C$73.98 and a 1 year high of C$160.51. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. The business has a fifty day simple moving average of C$92.80 and a 200 day simple moving average of C$118.04.

Wall Street Analysts Forecast Growth

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