Hammond Power Solutions (TSE:HPS.A) Shares Pass Above 50-Day Moving Average – Time to Sell?

Hammond Power Solutions Inc. (TSE:HPS.A) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$155.29 and traded as high as C$172.29. Hammond Power Solutions shares last traded at C$172.22, with a volume of 11,112 shares traded.

Wall Street Analyst Weigh In

HPS.A has been the subject of several analyst reports. National Bankshares boosted their price target on shares of Hammond Power Solutions from C$150.00 to C$195.00 and gave the company an “outperform” rating in a report on Monday, October 27th. Canaccord Genuity Group increased their price objective on shares of Hammond Power Solutions from C$154.00 to C$211.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Hammond Power Solutions currently has an average rating of “Buy” and an average target price of C$184.67.

Hammond Power Solutions Stock Performance

The company has a market cap of C$2.06 billion, a P/E ratio of 25.58 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The company has a 50 day moving average price of C$156.44 and a 200-day moving average price of C$130.99.

Hammond Power Solutions (TSE:HPS.A) last posted its quarterly earnings data on Thursday, October 23rd. The company reported C$1.46 earnings per share for the quarter. The business had revenue of C$218.34 million during the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. Equities analysts expect that Hammond Power Solutions Inc. will post 7.4221267 EPS for the current fiscal year.

Hammond Power Solutions Company Profile

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.