Hammond Power Solutions (OTCMKTS:HMDPF) Trading Up 0.9% – Time to Buy?

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) traded up 0.9% during trading on Friday . The stock traded as high as C$186.92 and last traded at C$181.12. 5,865 shares changed hands during trading, a decline of 41% from the average session volume of 9,904 shares. The stock had previously closed at C$179.51.

Analyst Upgrades and Downgrades

HMDPF has been the topic of a number of research reports. Raymond James Financial assumed coverage on shares of Hammond Power Solutions in a report on Tuesday, June 30th. They issued an “outperform” rating on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Hammond Power Solutions in a report on Thursday, May 7th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Hammond Power Solutions has a consensus rating of “Buy”.

Hammond Power Solutions Trading Up 0.9%

The business’s 50 day simple moving average is C$217.63 and its 200 day simple moving average is C$179.24.

About Hammond Power Solutions

Hammond Power Solutions Inc, headquartered in Guelph, Ontario, Canada, is a designer and manufacturer of dry-type transformers and related electrical distribution equipment. Since its founding in 1979, the company has built a reputation for delivering both standard and custom power distribution solutions tailored to a wide range of industrial, commercial and utility applications.

The company’s product portfolio includes single-phase and three-phase dry-type transformers, cast-resin transformers, voltage regulators, magnetic chokes, distribution transformers and specialty magnetic components such as cast copper products and amorphous core units.