Heico (NYSE:HEI.A) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

by · The Cerbat Gem

Heico Corporation (NYSE:HEI.A – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $257.53 and traded as low as $241.33. Heico shares last traded at $241.61, with a volume of 217,671 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Heico to a “hold” rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Heico has an average rating of “Buy”.

View Our Latest Stock Analysis on Heico

Heico Stock Performance

The company has a current ratio of 2.72, a quick ratio of 1.27 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $33.38 billion, a price-to-earnings ratio of 39.77 and a beta of 1.08. The stock’s fifty day simple moving average is $257.10 and its 200-day simple moving average is $239.22.

Heico (NYSE:HEI.A – Get Free Report) last posted its quarterly earnings results on Tuesday, August 25th. The company reported $1.67 EPS for the quarter. Heico had a net margin of 16.38% and a return on equity of 18.00%. The business had revenue of $1.41 billion during the quarter. Analysts predict that Heico Corporation will post 6.25 EPS for the current year.

Insider Buying and Selling

In other Heico news, CAO Bradley Rowen sold 1,326 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 9.76% of the stock is owned by insiders.

Heico Company Profile

(Get Free Report)

Heico Corporation (NYSE: HEI.A) is a diversified aerospace, defense and electronics company headquartered in Hollywood, Florida. The company operates through two primary business segments: the Flight Support Group, which focuses on manufacturing and distributing replacement parts and providing repair and overhaul services for commercial and military aircraft and engines; and the Electronic Technologies Group, which designs and produces high-reliability electronic components, subsystems and sensors for demanding applications.

Products and services include FAA-approved parts and supplemental type certified (STC) solutions, component repair and overhaul, and a range of specialty electronic components and assemblies used in aerospace, defense, space, medical and industrial markets.

Further Reading