Hammond Power Solutions (OTCMKTS:HMDPF) Trading Up 3.6% – Here’s What Happened

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) shares shot up 3.6% during trading on Tuesday . The company traded as high as C$118.02 and last traded at C$118.02. 3,385 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 5,187 shares. The stock had previously closed at C$113.94.

Analyst Ratings Changes

Separately, National Bankshares reiterated an “outperform” rating on shares of Hammond Power Solutions in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Hammond Power Solutions Stock Performance

The stock has a 50-day moving average price of C$110.04 and a 200 day moving average price of C$93.71.

Hammond Power Solutions Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 19th were issued a $0.1998 dividend. This represents a yield of 98.0%. The ex-dividend date of this dividend was Thursday, September 18th. Hammond Power Solutions’s dividend payout ratio (DPR) is presently 58.97%.

About Hammond Power Solutions

Hammond Power Solutions Inc, together with its subsidiaries, engages in the design, manufacture, and sale of various transformers in Canada, the United States, Mexico, and India. It offers custom electrical magnetics, cast resin, custom liquid filled distribution and power transformers, and standard electrical transformers to the electrical and electronic industries.