Insider Selling: Hammond Power Solutions Inc. (TSE:HPS.A) Director Sells 500 Shares of Stock

Hammond Power Solutions Inc. (TSE:HPS.A) Director Frederick Maurice Jaques sold 500 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of C$89.29, for a total value of C$44,645.00.

Hammond Power Solutions Price Performance

HPS.A stock traded down C$1.96 during trading on Friday, hitting C$79.45. The company had a trading volume of 84,444 shares, compared to its average volume of 55,444. The company has a fifty day moving average price of C$92.80 and a two-hundred day moving average price of C$118.01. Hammond Power Solutions Inc. has a fifty-two week low of C$73.98 and a fifty-two week high of C$160.51. The company has a market cap of C$725.38 million, a P/E ratio of 14.34 and a beta of 0.84. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76.

Analysts Set New Price Targets

A number of research firms have recently commented on HPS.A. Acumen Capital dropped their price objective on Hammond Power Solutions from C$160.00 to C$148.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. National Bankshares reduced their target price on shares of Hammond Power Solutions from C$170.00 to C$140.00 and set an “outperform” rating for the company in a research note on Monday, March 24th. Finally, Canaccord Genuity Group decreased their target price on Hammond Power Solutions from C$162.00 to C$158.00 and set a “buy” rating on the stock in a research report on Monday, March 24th.

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.