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

Shares of Hammond Power Solutions Inc. (TSE:HPS.A) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$121.65 and traded as high as C$127.05. Hammond Power Solutions shares last traded at C$125.70, with a volume of 34,177 shares changing hands.

Analyst Ratings Changes

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

Hammond Power Solutions Price Performance

The business’s 50-day moving average price is C$121.65 and its 200 day moving average price is C$108.07. The company has a market capitalization of C$1.50 billion, a P/E ratio of 18.79 and a beta of 1.35. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76.

Insider Buying and Selling

In other news, Senior Officer John Henry Bailey sold 325 shares of the business’s stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of C$116.85, for a total transaction of C$37,976.25. Following the completion of the transaction, the insider directly owned 31 shares in the company, valued at C$3,622.35. The trade was a 91.29% decrease in their position. 6.02% of the stock is currently owned by 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.