Hammond Power Solutions (TSE:HPS.A) Upgraded to Outperform by National Bankshares

National Bankshares upgraded shares of Hammond Power Solutions (TSE:HPS.A) from a sector perform rating to an outperform rating in a report published on Tuesday, BayStreet.CA reports.

Separately, Canaccord Genuity Group increased their target price on Hammond Power Solutions from C$85.00 to C$167.00 in a research note on Monday, April 1st.

Hammond Power Solutions Stock Down 14.4 %

Shares of TSE:HPS.A opened at C$115.36 on Tuesday. Hammond Power Solutions has a 1 year low of C$39.55 and a 1 year high of C$160.51. The stock has a 50-day simple moving average of C$129.75 and a 200-day simple moving average of C$98.54. The company has a debt-to-equity ratio of 14.88, a quick ratio of 1.06 and a current ratio of 1.97. The stock has a market capitalization of C$1.05 billion, a P/E ratio of 22.31 and a beta of 0.71.

Hammond Power Solutions Company Profile

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.