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

Hammond Power Solutions Inc. (TSE:HPS.A) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$171.40 and traded as high as C$210.74. Hammond Power Solutions shares last traded at C$201.14, with a volume of 93,288 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Canaccord Genuity Group increased their price objective on Hammond Power Solutions from C$154.00 to C$211.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. National Bank Financial upped their price target on Hammond Power Solutions from C$150.00 to C$195.00 and gave the stock an “outperform” rating in a report on Monday, October 27th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$184.67.

Hammond Power Solutions Price Performance

The stock has a market cap of C$2.51 billion, a PE ratio of 31.10 and a beta of 0.51. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03. The business has a 50 day moving average price of C$172.19 and a two-hundred day moving average price of C$153.00.

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

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. The company operates in various geographical markets including Canada, the United States, Mexico, and India in which it derives majority revenue in the United States and Mexico.