Heico (NYSE:HEI.A) Shares Cross Below Fifty Day Moving Average – Here’s Why

Heico Corporation (NYSE:HEI.A) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $252.62 and traded as low as $234.13. Heico shares last traded at $225.4610, with a volume of 16,692 shares trading hands.

Analysts Set New Price Targets

A number of analysts have commented on HEI.A shares. Zacks Research raised Heico to a “hold” rating in a report on Tuesday, December 16th. CJS Securities raised Heico to a “strong-buy” rating in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Heico has a consensus rating of “Buy”.

Heico Price Performance

The company has a market capitalization of $29.75 billion, a P/E ratio of 43.68 and a beta of 1.06. The business’s 50-day moving average is $250.47 and its two-hundred day moving average is $249.69. The company has a quick ratio of 1.41, a current ratio of 3.06 and a debt-to-equity ratio of 0.55.

Heico (NYSE:HEI.A) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $997.57. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.19 billion. Heico had a net margin of 15.38% and a return on equity of 16.57%.

Heico Company Profile

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.