Hammond Power Solutions (TSE:HPS.A) Trading 27.5% Higher – Still a Buy?

Hammond Power Solutions Inc. (TSE:HPS.A) traded up 27.5% on Saturday . The stock traded as high as C$190.51 and last traded at C$179.52. 457,940 shares changed hands during trading, an increase of 804% from the average session volume of 50,685 shares. The stock had previously closed at C$140.83.

Wall Street Analysts Forecast Growth

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

Hammond Power Solutions Stock Up 27.5%

The company has a 50-day moving average price of C$125.48 and a 200 day moving average price of C$114.35. The firm has a market capitalization of C$2.14 billion, a PE ratio of 26.83 and a beta of 1.17. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06.

Insider Activity at Hammond Power Solutions

In other news, Senior Officer John Henry Bailey sold 325 shares of the business’s 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 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 ownership of the stock. 6.02% of the stock is 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.