Hammond Power Solutions Inc. (TSE:HPS.A) Director Sells C$44,645.00 in Stock

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

Hammond Power Solutions Price Performance

Shares of HPS.A stock opened at C$79.45 on Friday. Hammond Power Solutions Inc. has a twelve month low of C$73.98 and a twelve month high of C$160.51. The company has a market capitalization of C$725.38 million, a PE 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. The firm has a fifty day simple moving average of C$92.80 and a 200-day simple moving average of C$118.01.

Analyst Ratings Changes

HPS.A has been the topic of several recent research reports. Acumen Capital reduced their target price on shares of Hammond Power Solutions from C$160.00 to C$148.00 and set a “buy” rating on the stock in a report on Monday, March 24th. Canaccord Genuity Group reduced their price objective on Hammond Power Solutions from C$162.00 to C$158.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Finally, National Bankshares lowered their target price on 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.

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.