Hammond Power Solutions (TSE:HPS.A) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Hammond Power Solutions Inc. (TSE:HPS.A) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$268.35 and traded as high as C$331.27. Hammond Power Solutions shares last traded at C$329.10, with a volume of 43,814 shares traded.

Analysts Set New Price Targets

Several research analysts recently commented on HPS.A shares. Royal Bank Of Canada lifted their target price on shares of Hammond Power Solutions from C$250.00 to C$350.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Canaccord Genuity Group lifted their target price on shares of Hammond Power Solutions from C$226.00 to C$348.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. ATB Cormark Capital Markets lifted their target price on shares of Hammond Power Solutions from C$250.00 to C$350.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. National Bank Financial lifted their target price on shares of Hammond Power Solutions from C$235.00 to C$325.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. set a C$430.00 target price on shares of Hammond Power Solutions and gave the stock an “overweight” rating in a report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$360.60.

Hammond Power Solutions Stock Up 1.0%

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 company has a market capitalization of C$3.92 billion, a price-to-earnings ratio of 59.73 and a beta of 0.96. The firm’s 50-day simple moving average is C$268.35 and its 200-day simple moving average is C$209.62.

Hammond Power Solutions (TSE:HPS.A) last posted its quarterly earnings results on Tuesday, May 5th. The company reported C$2.08 earnings per share (EPS) for the quarter. The company had revenue of C$264.84 million for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. Sell-side analysts forecast that Hammond Power Solutions Inc. will post 7.4221267 earnings per share for the current year.

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. 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.