Hammond Power Solutions (TSE:HPS.A) Trading 27.5% Higher – Still a Buy?

Hammond Power Solutions Inc. (TSE:HPS.A)’s stock price shot up 27.5% during trading on Saturday . The company traded as high as C$190.51 and last traded at C$179.52. 457,940 shares were traded during mid-day trading, an increase of 804% from the average session volume of 50,685 shares. The stock had previously closed at C$140.83.

Analyst Ratings Changes

Separately, National Bankshares boosted their target price on Hammond Power Solutions from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Hammond Power Solutions presently has an average rating of “Buy” and an average target price of C$152.00.

Hammond Power Solutions Stock Up 27.5%

The company has a 50 day simple moving average of C$125.48 and a two-hundred day simple moving average of C$114.35. 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 company has a market capitalization of C$2.14 billion, a P/E ratio of 26.83 and a beta of 1.17.

Insiders Place Their Bets

In other Hammond Power Solutions news, Senior Officer John Henry Bailey sold 325 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of C$116.85, for a total transaction of C$37,976.25. Following the sale, the insider directly owned 31 shares of the company’s stock, valued at C$3,622.35. The trade was a 91.29% decrease in their ownership of the stock. 6.02% of the stock is owned by insiders.

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.