Hammond Power Solutions (TSE:HPS.A) Trading Up 32.1% – Should You Buy?

Hammond Power Solutions Inc. (TSE:HPS.A) rose 32.1% during mid-day trading on Friday . The company traded as high as C$190.51 and last traded at C$186.00. Approximately 259,291 shares were traded during trading, an increase of 423% from the average daily volume of 49,592 shares. The stock had previously closed at C$140.83.

Analyst Upgrades and Downgrades

Separately, National Bankshares increased their target price on Hammond Power Solutions from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$152.00.

Hammond Power Solutions Trading Up 27.5%

The stock has a market capitalization of C$2.14 billion, a P/E ratio of 26.83 and a beta of 1.17. The stock’s fifty day moving average price is C$125.48 and its two-hundred day moving average price is C$114.65. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76.

Insider Transactions at Hammond Power Solutions

In other Hammond Power Solutions news, Senior Officer John Henry Bailey sold 325 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of C$116.85, for a total transaction of C$37,976.25. Following the completion of the sale, the insider directly owned 31 shares in the company, valued at C$3,622.35. This represents a 91.29% decrease in their ownership of the stock. 6.02% of the stock is currently owned by insiders.

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.