Hammond Power Solutions (TSE:HPS.A) Shares Up 13.4% – Here’s What Happened

Hammond Power Solutions Inc. (TSE:HPS.A)’s share price shot up 13.4% on Friday . The company traded as high as C$200.00 and last traded at C$197.18. 84,503 shares were traded during mid-day trading, an increase of 20% from the average session volume of 70,177 shares. The stock had previously closed at C$173.84.

Analyst Ratings Changes

A number of research firms recently weighed in on HPS.A. National Bank Financial lifted their price target on Hammond Power Solutions from C$195.00 to C$215.00 in a research note on Wednesday, February 18th. ATB Cormark Capital Markets boosted their price target on Hammond Power Solutions from C$235.00 to C$250.00 in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Hammond Power Solutions currently has an average rating of “Buy” and a consensus target price of C$206.00.

Hammond Power Solutions Price Performance

The company has a market capitalization of C$2.38 billion, a price-to-earnings ratio of 29.53 and a beta of 0.48. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76. The stock’s 50-day simple moving average is C$185.65 and its two-hundred day simple moving average is C$164.63.

Hammond Power Solutions (TSE:HPS.A) last issued its earnings results on Thursday, March 19th. The company reported C$1.98 earnings per share (EPS) for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. The business had revenue of C$254.09 million during the quarter. Equities research analysts predict that Hammond Power Solutions Inc. will post 7.4221267 earnings per share 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.