Hammond Power Solutions (TSE:HPS.A) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Hammond Power Solutions Inc. (TSE:HPS.A)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$261.66 and traded as low as C$218.99. Hammond Power Solutions shares last traded at C$229.86, with a volume of 53,649 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HPS.A shares. JPMorgan Chase & Co. set a C$430.00 target price on Hammond Power Solutions and gave the company an “overweight” rating in a research report on Thursday, May 28th. Raymond James Financial set a C$405.00 price target on Hammond Power Solutions and gave the stock an “outperform” rating in a research note on Tuesday, June 30th. Acumen Capital upped their price objective on shares of Hammond Power Solutions from C$345.00 to C$365.00 and gave the company a “buy” rating in a report on Tuesday, June 30th. Finally, National Bank Financial increased their price objective on shares of Hammond Power Solutions from C$325.00 to C$355.00 and gave the company an “outperform” rating in a research report on Wednesday, June 10th. Seven analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Hammond Power Solutions has an average rating of “Buy” and a consensus target price of C$371.86.

Hammond Power Solutions Stock Up 5.3%

The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The business’s fifty day moving average price is C$272.84 and its two-hundred day moving average price is C$261.53. The stock has a market capitalization of C$2.88 billion, a PE ratio of 46.83 and a beta of 1.20.

Hammond Power Solutions (TSE:HPS.A) last issued its earnings results on Thursday, July 30th. The company reported C$2.76 earnings per share (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$324.80 million during the quarter. On average, equities research analysts forecast that Hammond Power Solutions Inc. will post 7.4221267 EPS 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.