Hammond Power Solutions (TSE:HPS.A) Stock Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Hammond Power Solutions Inc. (TSE:HPS.A) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$165.58 and traded as high as C$176.40. Hammond Power Solutions shares last traded at C$173.97, with a volume of 73,315 shares.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Canaccord Genuity Group raised their price target on shares of Hammond Power Solutions from C$154.00 to C$211.00 and gave the company a “buy” rating in a research note on Monday, October 27th. National Bankshares lifted their target price on Hammond Power Solutions from C$150.00 to C$195.00 and gave the company an “outperform” rating in a research note on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, Hammond Power Solutions currently has a consensus rating of “Buy” and an average target price of C$184.67.

Hammond Power Solutions Trading Up 4.1%

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 business has a 50 day simple moving average of C$165.58 and a 200-day simple moving average of C$147.27. The stock has a market capitalization of C$2.07 billion, a P/E ratio of 25.66 and a beta of 0.64.

Hammond Power Solutions (TSE:HPS.A) last announced its quarterly earnings data on Thursday, October 23rd. The company reported C$1.46 earnings per share for the quarter. The business had revenue of C$218.34 million during the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%. On average, analysts predict that Hammond Power Solutions Inc. will post 7.4221267 EPS for the current year.

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. 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.