Hammond Power Solutions (OTCMKTS:HMDPF) Shares Down 7.6% – Time to Sell?
by Scott Moore · The Cerbat GemHammond Power Solutions Inc. (OTCMKTS:HMDPF – Get Free Report) shares fell 7.6% on Monday . The company traded as low as C$169.07 and last traded at C$169.07. Approximately 8,570 shares were traded during mid-day trading, a decline of 8% from the average session volume of 9,355 shares. The stock had previously closed at C$183.00.
Analyst Upgrades and Downgrades
Separately, Raymond James Financial started coverage on shares of Hammond Power Solutions in a research report on Tuesday, June 30th. They set an “outperform” rating on the stock. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Hammond Power Solutions currently has a consensus rating of “Buy”.
Check Out Our Latest Stock Analysis on HMDPF
Hammond Power Solutions Price Performance
The business has a 50 day moving average price of C$186.21 and a two-hundred day moving average price of C$189.62.
Hammond Power Solutions Company Profile
Hammond Power Solutions Inc, headquartered in Guelph, Ontario, Canada, is a designer and manufacturer of dry-type transformers and related electrical distribution equipment. Since its founding in 1979, the company has built a reputation for delivering both standard and custom power distribution solutions tailored to a wide range of industrial, commercial and utility applications.
The company’s product portfolio includes single-phase and three-phase dry-type transformers, cast-resin transformers, voltage regulators, magnetic chokes, distribution transformers and specialty magnetic components such as cast copper products and amorphous core units.