Insider Buying: Hammond Power Solutions Inc. (TSE:HPS.A) Senior Officer Buys C$23,454.00 in Stock

Hammond Power Solutions Inc. (TSE:HPS.A) Senior Officer Adrian David Thomas acquired 300 shares of Hammond Power Solutions stock in a transaction on Friday, March 28th. The shares were bought at an average price of C$78.18 per share, for a total transaction of C$23,454.00.

Hammond Power Solutions Price Performance

Shares of TSE:HPS.A opened at C$81.77 on Thursday. The company has a market cap of C$746.56 million, a PE ratio of 14.76 and a beta of 0.84. Hammond Power Solutions Inc. has a fifty-two week low of C$73.98 and a fifty-two week high of C$160.51. The firm has a 50-day simple moving average of C$90.27 and a 200 day simple moving average of C$117.18. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76.

Analysts Set New Price Targets

Several brokerages have recently commented on HPS.A. Acumen Capital reduced their price target on shares of Hammond Power Solutions from C$160.00 to C$148.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Canaccord Genuity Group cut their price objective on Hammond Power Solutions from C$162.00 to C$158.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Finally, National Bankshares decreased their target price on Hammond Power Solutions from C$170.00 to C$140.00 and set an “outperform” rating for the company in a research report on Monday, March 24th.

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.