Hammond Power Solutions (TSE:HPS.A) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Hammond Power Solutions Inc. (TSE:HPS.A)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$168.08 and traded as high as C$196.73. Hammond Power Solutions shares last traded at C$187.88, with a volume of 81,100 shares.

Analyst Ratings Changes

HPS.A has been the topic of several recent research reports. National Bankshares lifted their target price on shares of Hammond Power Solutions from C$150.00 to C$195.00 and gave the stock an “outperform” rating in a research report on Monday, October 27th. 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. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Hammond Power Solutions has an average rating of “Buy” and an average target price of C$184.67.

Hammond Power Solutions Stock Performance

The stock has a 50 day moving average of C$168.08 and a 200 day moving average of C$149.68. The company has a market capitalization of C$2.24 billion, a price-to-earnings ratio of 27.71 and a beta of 0.51. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 10.76.

Hammond Power Solutions (TSE:HPS.A) last released its quarterly earnings results on Thursday, October 23rd. The company reported C$1.46 earnings per share (EPS) for the quarter. The firm had revenue of C$218.34 million during the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. As a group, 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.