Hammond Power Solutions (TSE:HPS.A) Reaches New 1-Year High Following Analyst Upgrade

Hammond Power Solutions Inc. (TSE:HPS.A)’s stock price reached a new 52-week high during trading on Tuesday after Canaccord Genuity Group raised their price target on the stock from C$85.00 to C$167.00. The company traded as high as C$148.57 and last traded at C$148.10, with a volume of 65641 shares trading hands. The stock had previously closed at C$146.46.

Hammond Power Solutions Price Performance

The stock has a fifty day moving average of C$113.33 and a 200-day moving average of C$85.99. The firm has a market capitalization of C$1.37 billion, a P/E ratio of 29.07 and a beta of 0.71. The company has a quick ratio of 1.06, a current ratio of 1.97 and a debt-to-equity ratio of 14.88.

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.