Acumen Capital Cuts Hammond Power Solutions (TSE:HPS.A) Price Target to C$148.00

Hammond Power Solutions (TSE:HPS.A) had its target price dropped by Acumen Capital from C$160.00 to C$148.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Acumen Capital’s price objective would indicate a potential upside of 67.74% from the company’s previous close.

Hammond Power Solutions Stock Performance

HPS.A traded up C$2.26 during mid-day trading on Monday, reaching C$88.23. 32,000 shares of the company traded hands, compared to its average volume of 54,031. The stock has a market capitalization of C$805.54 million, a P/E ratio of 15.93 and a beta of 0.84. 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’s fifty day moving average price is C$95.85 and its 200-day moving average price is C$119.00. Hammond Power Solutions has a 52-week low of C$73.98 and a 52-week high of C$160.51.

Hammond Power Solutions Company Profile

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.