Hammond Power Solutions (TSE:HPS.A) Shares Up 27.5% – Time to Buy?

Hammond Power Solutions Inc. (TSE:HPS.A) shot up 27.5% during trading on Friday . The company traded as high as C$190.51 and last traded at C$179.52. 457,940 shares traded hands during mid-day trading, an increase of 807% from the average session volume of 50,503 shares. The stock had previously closed at C$140.83.

Analysts Set New Price Targets

Separately, National Bankshares increased their price objective on shares of Hammond Power Solutions from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$152.00.

Hammond Power Solutions Trading Up 27.5%

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 market capitalization of C$2.14 billion, a P/E ratio of 26.83 and a beta of 1.17. The firm has a 50-day moving average of C$125.48 and a two-hundred day moving average of C$114.65.

Insider Buying and Selling at Hammond Power Solutions

In other Hammond Power Solutions news, Senior Officer John Henry Bailey sold 325 shares of the stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of C$116.85, for a total value of C$37,976.25. Following the completion of the transaction, the insider directly owned 31 shares in the company, valued at approximately C$3,622.35. This trade represents a 91.29% decrease in their ownership of the stock. 6.02% of the stock is currently owned by corporate insiders.

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.