Heico (NYSE:HEI.A) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Heico Corporation (NYSE:HEI.A) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $252.15 and traded as high as $272.73. Heico shares last traded at $263.3270, with a volume of 180,267 shares traded.

Heico Stock Down 1.2%

The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53. The firm has a 50 day simple moving average of $252.15 and a 200-day simple moving average of $238.81. The stock has a market cap of $36.78 billion, a P/E ratio of 47.02 and a beta of 1.08.

Heico (NYSE:HEI.A) last posted its earnings results on Wednesday, May 27th. The company reported $1.66 earnings per share for the quarter. Heico had a return on equity of 17.52% and a net margin of 16.08%.The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.22 billion.

Insider Buying and Selling

In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of Heico stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.76% of the stock is currently owned by company insiders.

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.