Hammond Power Solutions (TSE:HPS.A) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Hammond Power Solutions Inc. (TSE:HPS.A)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$121.71 and traded as low as C$91.25. Hammond Power Solutions shares last traded at C$95.41, with a volume of 81,697 shares.

Analysts Set New Price Targets

Separately, National Bankshares upped their target price on shares of Hammond Power Solutions from C$170.00 to C$175.00 and gave the company an “outperform” rating in a research note on Tuesday, October 15th.

Hammond Power Solutions Stock Up 0.9 %

The firm has a 50 day moving average of C$121.71 and a 200-day moving average of C$125.02. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The stock has a market capitalization of C$871.09 million, a P/E ratio of 17.22 and a beta of 0.84.

About Hammond Power Solutions

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.