Hammond Power Solutions (TSE:HPS.A) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Hammond Power Solutions Inc. (TSE:HPS.A) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$81.73 and traded as high as C$92.18. Hammond Power Solutions shares last traded at C$92.13, with a volume of 49,536 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group reduced their price target on Hammond Power Solutions from C$162.00 to C$158.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. National Bankshares reduced their target price on shares of Hammond Power Solutions from C$170.00 to C$140.00 and set an “outperform” rating on the stock in a report on Monday, March 24th. Finally, Acumen Capital lowered their price target on shares of Hammond Power Solutions from C$160.00 to C$148.00 and set a “buy” rating for the company in a report on Monday, March 24th.

Hammond Power Solutions Trading Up 3.1 %

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 50-day moving average price of C$81.76 and a 200-day moving average price of C$108.54. The firm has a market capitalization of C$841.15 million, a price-to-earnings ratio of 16.63 and a beta of 0.84.

Insider Activity

In other news, Director Frederick Maurice Jaques sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of C$89.29, for a total transaction of C$44,645.00. Company insiders own 6.02% of the company’s stock.

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.