Hammond Power Solutions (TSE:HPS.A) Stock Rating Upgraded by National Bankshares

Hammond Power Solutions (TSE:HPS.A) was upgraded by analysts at National Bankshares from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, BayStreet.CA reports.

Separately, Canaccord Genuity Group lifted their price objective on shares of Hammond Power Solutions from C$85.00 to C$167.00 in a research note on Monday, April 1st.

Hammond Power Solutions Trading Down 11.0 %

Hammond Power Solutions stock traded down C$14.76 during mid-day trading on Tuesday, hitting C$120.00. 171,578 shares of the stock were exchanged, compared to its average volume of 72,694. The firm’s fifty day simple moving average is C$129.56 and its two-hundred day simple moving average is C$98.12. The stock has a market capitalization of C$1.10 billion, a price-to-earnings ratio of 23.32 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 has a 12 month low of C$39.55 and a 12 month high of C$160.51.

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.