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  5. HPS.A: Is there a material reason for the drop in share price or is it just market sentiment brought on by the question of tariffs ? [Hammond Power Solutions Inc. Class A Subordinate Voting Shares]
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Q: Is there a material reason for the drop in share price or is it just market sentiment brought on by the question of tariffs ? Thanks
Asked by Steven on March 18, 2025
5i Research Answer:

The last quarter did miss earnings estimates, by 10%, which was a factor. But we would say the majority of the recent shift in sentiment is due to the uncertain tariff and economic situation, as well as the general aversion to small cap companies right now.