Hammond Power Solutions (TSE:HPS.A) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Hammond Power Solutions Inc. (TSE:HPS.A)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$149.39 and traded as high as C$168.22. Hammond Power Solutions shares last traded at C$167.68, with a volume of 75,783 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HPS.A shares. National Bankshares raised their price target on shares of 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. Canaccord Genuity Group raised their target price on 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 analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Hammond Power Solutions currently has an average rating of “Buy” and a consensus target price of C$184.67.

Hammond Power Solutions Trading Up 1.7%

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 firm has a market cap of C$2.00 billion, a PE ratio of 24.73 and a beta of 0.92. The firm has a fifty day simple moving average of C$149.39 and a two-hundred day simple moving average of C$127.74.

Hammond Power Solutions (TSE:HPS.A) last posted its quarterly earnings data on Thursday, October 23rd. The company reported C$1.46 EPS for the quarter. The business had revenue of C$218.34 million for the quarter. Hammond Power Solutions had a net margin of 8.73% and a return on equity of 28.43%. Equities analysts forecast 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.