Hammond Power Solutions (TSE:HPS.A) Hits New 12-Month High at $160.00

Hammond Power Solutions Inc. (TSE:HPS.A) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$160.00 and last traded at C$159.04, with a volume of 9516 shares. The stock had previously closed at C$156.00.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. National Bankshares set a C$164.00 price target on shares of Hammond Power Solutions and gave the company a “sector perform” rating in a report on Wednesday, April 10th. Canaccord Genuity Group lifted their price objective on shares of Hammond Power Solutions from C$85.00 to C$167.00 in a research note on Monday, April 1st.

Hammond Power Solutions Trading Down 0.2 %

The company has a quick ratio of 1.06, a current ratio of 1.97 and a debt-to-equity ratio of 14.88. The firm’s 50 day simple moving average is C$122.87 and its two-hundred day simple moving average is C$92.09. The stock has a market cap of C$1.42 billion, a P/E ratio of 30.13 and a beta of 0.71.

About Hammond Power Solutions

Hammond Power Solutions Inc, together with its subsidiaries, designs, manufactures, and sells dry-type, cast resin, and liquid filled transformers, as well as wound magnetic products for the electrical and related industries. The company provides control and automation products, including molded machine tool industrial control, industrial open core and coil control, general purpose enclosed, encapsulated control, and energy efficient drive isolation transformers, as well as reactors, DV/DT filters, and motor starting autotransformers.