Hammond Power Solutions (TSE:HPS.A) Given New C$148.00 Price Target at Acumen Capital

Hammond Power Solutions (TSE:HPS.A) had its price objective lowered by Acumen Capital from C$160.00 to C$148.00 in a research note released on Monday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Hammond Power Solutions Price Performance

HPS.A opened at C$89.39 on Monday. Hammond Power Solutions has a 1 year low of C$73.98 and a 1 year high of C$160.51. The company has a debt-to-equity ratio of 10.76, a current ratio of 2.03 and a quick ratio of 1.06. The company has a market capitalization of C$816.13 million, a price-to-earnings ratio of 16.14 and a beta of 0.84. The firm’s fifty day moving average price is C$95.40 and its two-hundred day moving average price is C$118.82.

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.