Hammond Power Solutions (OTCMKTS:HMDPF) Trading 0.6% Higher – Still a Buy?

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) rose 0.6% on Friday . The stock traded as high as C$217.81 and last traded at C$217.66. Approximately 3,802 shares changed 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 Upgrades and Downgrades

Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of Hammond Power Solutions in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Hammond Power Solutions Trading Up 0.6%

The stock has a fifty day moving average of C$178.30 and a 200 day moving average 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.