Hammond Power Solutions (OTCMKTS:HMDPF) Shares Up 1.9% – Here’s What Happened

Hammond Power Solutions Inc. (OTCMKTS:HMDPF) shot up 1.9% during trading on Monday . The stock traded as high as C$219.00 and last traded at C$218.50. 3,515 shares changed hands during trading, a decline of 59% from the average session volume of 8,589 shares. The stock had previously closed at C$214.44.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reissued an “outperform” rating on shares of Hammond Power Solutions in a research note on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Hammond Power Solutions Price Performance

The firm has a 50 day moving average of C$206.63 and a 200-day moving average of C$157.37.

About Hammond Power Solutions

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.