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 share price passed 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.

Analyst Upgrades and Downgrades

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

Hammond Power Solutions Trading Down 4.3%

The company has a fifty day simple moving average of C$251.80 and a 200-day simple moving average of C$203.20. The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 10.76. The stock has a market cap of C$3.58 billion, a price-to-earnings ratio of 54.61 and a beta of 0.96.

Hammond Power Solutions (TSE:HPS.A) last posted its quarterly earnings data on Tuesday, May 5th. The company reported C$2.08 earnings per share (EPS) for the quarter. The firm had revenue of C$264.84 million for the quarter. Hammond Power Solutions had a return on equity of 28.43% and a net margin of 8.73%. On average, research analysts forecast that Hammond Power Solutions Inc. will post 7.4221267 earnings per share for the current fiscal 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.