Hammond Manufacturing Stock Today

HMM-A Stock  CAD 10.45  0.46  4.60%   

Performance

6 of 100

 
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Modest

Odds Of Distress

Less than 3

 
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Hammond Manufacturing is selling for under 10.45 as of the 1st of December 2024; that is 4.60 percent increase since the beginning of the trading day. The stock's last reported lowest price was 10.03. Hammond Manufacturing has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Hammond Manufacturing are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of November 2024 and ending today, the 1st of December 2024. Click here to learn more.
Business Domain
Capital Goods
Category
Industrials
Hammond Manufacturing Company Limited, together with its subsidiaries, designs, manufactures, and sells electrical and electronic components in Canada, the United States, the United Kingdom, and Australia. Hammond Manufacturing Company Limited was founded in 1917 and is headquartered in Guelph, Canada. The company has 8.56 M outstanding shares of which 6.56 K shares are currently shorted by private and institutional investors with about 0.25 days to cover all short positions. More on Hammond Manufacturing

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Hammond Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Hammond Manufacturing's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hammond Manufacturing or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Executive PresidentAlexander Stirling
Business ConcentrationElectrical Components & Equipment, Electrical Equipment & Parts, Industrials, Industrials, Electrical Equipment, Electronic Components, Technology (View all Sectors)
Hammond Manufacturing's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Hammond Manufacturing's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Hammond Manufacturing can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Hammond Manufacturing's financial leverage. It provides some insight into what part of Hammond Manufacturing's total assets is financed by creditors.
Liquidity
Hammond Manufacturing cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Hammond Manufacturing has accumulated 56.45 M in total debt with debt to equity ratio (D/E) of 75.3, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Hammond Manufacturing has a current ratio of 1.44, which is within standard range for the sector. Debt can assist Hammond Manufacturing until it has trouble settling it off, either with new capital or with free cash flow. So, Hammond Manufacturing's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hammond Manufacturing sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hammond to invest in growth at high rates of return. When we think about Hammond Manufacturing's use of debt, we should always consider it together with cash and equity.

Total Cash From Operating Activities

17.74 Million
Hammond Manufacturing (HMM-A) is traded on Toronto Exchange in Canada and employs 936 people. Hammond Manufacturing is listed under Electrical Components & Equipment category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 109.38 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hammond Manufacturing's market, we take the total number of its shares issued and multiply it by Hammond Manufacturing's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Hammond Manufacturing operates under Electrical Equipment sector and is part of Industrials industry. The entity has 8.56 M outstanding shares of which 6.56 K shares are currently shorted by private and institutional investors with about 0.25 days to cover all short positions. Hammond Manufacturing has accumulated about 1.01 M in cash with 16.89 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.09.
Check Hammond Manufacturing Probability Of Bankruptcy
Ownership Allocation
The market capitalization of Hammond Manufacturing is C$109.38 Million. Hammond Manufacturing secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note, that even with substantial debt, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company at some point.
Check Hammond Ownership Details

Hammond Manufacturing Risk Profiles

Although Hammond Manufacturing's alpha and beta are two of the key measurements used to evaluate Hammond Manufacturing's performance over the market, the standard measures of volatility play an important role as well.

Hammond Stock Against Markets

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Additional Tools for Hammond Stock Analysis

When running Hammond Manufacturing's price analysis, check to measure Hammond Manufacturing's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hammond Manufacturing is operating at the current time. Most of Hammond Manufacturing's value examination focuses on studying past and present price action to predict the probability of Hammond Manufacturing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hammond Manufacturing's price. Additionally, you may evaluate how the addition of Hammond Manufacturing to your portfolios can decrease your overall portfolio volatility.