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  5. HPS.A: Hi, Why the stock dropped 7%, today ? [Hammond Power Solutions Inc. Class A Subordinate Voting Shares]
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Q: Hi, Why the stock dropped 7%, today ? Is the market just nervous before upcoming results ? Thanks
Asked by rajeev on April 17, 2024
5i Research Answer:

There is no other news other than the annoucement of its earnings release for April 30. It has been a bad market week and the stock is up 76% this year. It is a relatively small company still and nervous nellies or profit taking can swing the price around. 

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