Hammond Power Solutions (OTCMKTS:HMDPF) Trading 0.6% Higher – Here’s What Happened

Shares of Hammond Power Solutions Inc. (OTCMKTS:HMDPF) were up 0.6% during trading on Friday . The stock traded as high as C$217.81 and last traded at C$217.66. Approximately 3,802 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 8,864 shares. The stock had previously closed at C$216.29.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Hammond Power Solutions in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Hammond Power Solutions presently has a consensus rating of “Buy”.

Hammond Power Solutions Trading Up 0.6%

The business has a 50-day moving average price of C$178.30 and a 200 day moving average price of C$146.18.

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.