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

Hammond Power Solutions Inc. (TSE:HPS.A)’s stock price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$251.80 and traded as high as C$316.42. Hammond Power Solutions shares last traded at C$300.88, with a volume of 45,136 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on HPS.A shares. ATB Cormark Capital Markets lifted their target price on Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Canaccord Genuity Group lifted their target price on Hammond Power Solutions from C$226.00 to C$348.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Royal Bank Of Canada lifted their target price on Hammond Power Solutions from C$250.00 to C$350.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Finally, National Bank Financial lifted their target price on Hammond Power Solutions from C$235.00 to C$325.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$343.25.

Hammond Power Solutions Trading Down 4.3%

The firm has a market cap of C$3.58 billion, a P/E ratio of 54.61 and a beta of 0.96. The company has a 50 day moving average of C$251.80 and a 200 day moving average of C$203.20. The company has a debt-to-equity ratio of 10.76, a quick ratio of 1.06 and a current ratio of 2.03.

Hammond Power Solutions (TSE:HPS.A) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$2.08 EPS for the quarter. The business had revenue of C$264.84 million during the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%. Analysts predict that Hammond Power Solutions Inc. will post 7.4221267 EPS for the current fiscal 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.